Let the Money Talk

Welcome to Let the Money Talk podcast.

In this special episode, one of our Dealing Manager for Global Markets, Roger Chan underlines why it is so important to prepare for so-called black swan events that cause market crashes because they are sudden, overwhelming and unpredictable.

In short summary,

A black swan is an extremely rare event with severe consequences. It cannot be predicted, though after the fact, many claim it should have been predictable.

Grey swan is a term used to describe a potentially very significant event whose possible occurrence may be predicted beforehand, but the probability of it occurring is considered small.

Here, we explore four potential black swan events and a positive grey swan event:

The declaration by the World Health Organization (WHO) of the latest COVID-19 “variant of concern” Omicron on the day after the US Thanksgiving holiday caused the Dow Jones Index to plunge 905 points, or 2.5%. The S&P index fell 106.84 points, or 2.27%, while the Nasdaq Composite Index lost 353.57 points, or 2.2%.

The decline of the three major indices effectively marked their worst Black Friday performance since 1950.

Prior to this, governments worldwide had conducted extensive vaccination programs to safeguard their people. And countries were looking forward to opening their borders and economies with the resumption of travel between nations.

Families that had been separated for months were looking forward to reunite with loved ones. Everywhere there was a sense of “all might just be finally behind us”.

That was until COVID-19 gave us another jolt.

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Asian stocks looked set to follow a bounce in the U.S. after Federal Reserve Chair Jerome Powell reassured investors the central bank will tackle inflation to extend the economic expansion.

Shares in Australia advanced and futures rose in Japan and Hong Kong.

U.S. contracts fluctuated after the S&P 500 halted a five-day slide and the Nasdaq 100 outperformed. Treasuries also found support after a solid three-year note sale. The yield on the 10-year note dipped, while the curve flattened.

The dollar declined and commodity-linked currencies like the Australian and Canadian dollars climbed alongside a jump in oil prices.

Powell told the Senate Banking Committee that officials won’t hesitate to act if needed to contain price pressures. He also said the Fed will probably start shrinking its balance sheet this year. He noted the runoff would be quicker than the last time the central bank shrank its balance sheet because the economy was in a much stronger position.

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Asia stocks looked set to slip Tuesday after the S&P 500 closed lower for a fifth session, though a late U.S. rebound may tame losses.

Australian shares edged lower. Futures pointed to a modest decline in Hong Kong and Japan, which reopens after a holiday. U.S. contracts traded steady after the S&P 500 posted its longest losing streak since September, though dip buyers emerged to wipe out almost all its losses after sinking 2%. The Nasdaq 100 ended in the green after sliding as much as 2.7%.

The U.S. Treasury curve flattened as short-dated yields rose sharply with market-implied odds of a March rate hike edging higher. Goldman Sachs Group Inc. predicted four hikes this year, beginning that month. The dollar rose.

A key measure of U.S. inflation -- set to be released Wednesday -- is anticipated to have increased further in December, putting additional pressure on the central bank to tighten policy.

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Welcome to the Let the Money Talk podcast.

In this episode, our Media Host & Presenter, Roshan Gidwani interviewed Phillip Securities Research's senior analyst, Terence Chua on Comparative analysis of offers for SPH by Cuscaden Peak and Keppel Corporation.

Listen to this podcast to learn more about the latest corporate updates. Alternatively, visit www.stocksbnb.com for the full report.

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Stocks are set to start the week cautiously as investors brace for bond-market volatility and assess the economic hit from the rapidly spreading Covid omicron variant.

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Asian stocks looked set for gains Friday after their U.S. peers steadied as investors mulled the Federal Reserve’s latest signal it will move aggressively if inflation remains elevated. Treasuries extended a decline. Futures pointed higher in Japan and shares climbed in Australia following Thursday’s selloff. U.S. futures saw modest gains. The S&P 500 closed little changed after attempting to rebound from a near 2% drop Wednesday sparked by Fed meeting minutes that suggested the central bank is ready to raise rates sooner and higher than previously expected. Treasury yields continued to climb, although the velocity of their ascent eased with the 10-year rate near 1.73%. The dollar was slightly stronger, while oil climbed to a seven-week high on supply constraints. The yen held overnight gains and the yuan retreated. Gold fell and Bitcoin remained under pressure.

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Stocks in Asia are set to open weaker after a selloff in U.S. technology shares and Treasuries accelerated once Federal Reserve minutes signaled interest-rate hikes may be more aggressive than many had expected. Australian equities slipped at the open, while Japan futures fell. U.S. contracts dropped after the Nasdaq 100 tumbled the most since March as rising Treasury yields added to concerns over growth and profitability. The S&P 500 retreated as traders increased bets U.S. rates will increase at least three times this year. The yield on the U.S. 10-year note climbed to 1.71%, a level not seen since April. Overnight swaps markets moved to price in an 80% chance of a 25 basis-point hike at the Fed’s meeting in March. The dollar was little changed.

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Stocks in Asia look set to open steady Wednesday as investors fret about interest rates increases that dragged down U.S. stocks from a record and extended a decline in Treasuries. Australian shares opened little changed. Futures ticked higher in Japan and dipped in Hong Kong. U.S. contracts were steady after the Nasdaq 100 underperformed amid a selloff in technology shares and the S&P 500 was little changed. The rout in U.S. Treasuries deepened for a second day amid increasing conviction the Federal Reserve will raise rates at least three times beginning in May to counter price pressures. Yields on long maturities climbed amid heavy supply of new corporate bonds following a year-end lull. The dollar was little changed, while the yen hit the lowest since January 2017.

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Welcome to the Let the Money Talk podcast.

In this episode, one of our top Financial Advisor, Dhanesh Sharma, shares his top secrets on how to be a millionaire.

Listen to this podcast to learn more about deconstructing world-class tactics, tools and routines.

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Welcome to the Let the Money Talk podcast.

In this episode, Phillip Securities Research's analyst, Timothy Ang, discusses the report on Microsoft Corporation. Microsoft Azure doubled its market share from 10% to 20% between 2017 and 2021 as many enterprises choose Azure due to existing relationships they have with Microsoft.

Listen to this podcast to learn more about the latest corporate updates. Alternatively, visit www.stocksbnb.com for the full report.

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