With COVID-19 spreading at a quick rate globally, global indices have seen a rout reflecting the gloom and fear of the impact of COVID-19 on economies. The S&P500 last week saw its fastest 10% correction from a record high as the OECD warns about growth sinking to levels not seen in more than a decade, while global manufacturing contracted in February by the most since 2009.
All these have led to global Central Banks making a swift change to their rate and stimulus policies.
With the news from the Fed to cut interest rates by 0.5%, the market took it positively. However, the euphoria did not last and the gains were short-termed. My personal take is that the market will be swinging quite a far bit. Investing or trading we should respond to prices accordingly.
From a trader's perspective, it is a good market to trade. I have been trading HangSeng and Dow Jones over these few weeks. My results are posted on the top right-hand corner for your perusal. I shall do up a quarterly review soon after March ends.
Meanwhile, be it outside in the public or in the markets, stay safe.
All these have led to global Central Banks making a swift change to their rate and stimulus policies.
With the news from the Fed to cut interest rates by 0.5%, the market took it positively. However, the euphoria did not last and the gains were short-termed. My personal take is that the market will be swinging quite a far bit. Investing or trading we should respond to prices accordingly.
From a trader's perspective, it is a good market to trade. I have been trading HangSeng and Dow Jones over these few weeks. My results are posted on the top right-hand corner for your perusal. I shall do up a quarterly review soon after March ends.
Meanwhile, be it outside in the public or in the markets, stay safe.
