As a result of the COVID-19 lock-down measures, major global economies have grind to a halt. Recent economic data has started revealing signs of slowdown worldwide and companies are withholding earnings guideline, with some cutting capital expenditure and dividend payment.
With the worst economic data since the Great Depression and an unprecedented job losses as well as high unemployment rate of 14.7%, Wall Street continuously defies the odds and trend higher with major US indices recovering ~30% off the March low. The saying “Sell in May and go away” seems to be overlook by the market. Investors who have been waiting for a retest of the March 23th low might feel confused over the divide between stock market and poor economic data.
How do you make sense of the stock market and will a V-shaped recovery be observed?
Tune in to this month’s webinar with Zhi Qi and Ming Jun from Global Markets Desk, Phillip Securities, to find out more on the divide between Wall Street and Main Street and more importantly, how you investors can react to it moving forward.
The team will also touch on some Market Updates, Technical Analysis, stocks/ETFs to look out for and many more! Register now!