With the new Covid-19 clusters (TTS hospital and Changi Airport) in Singapore, my SGP Portfolio came off its highs. Now everyone is talking about the possibility of a second circuit breaker.
Over in the US, tech stocks took a beating as there were indications of rising inflation. Rising inflation is due to a decrease in the price of money. One way to curb this is to increase interest rates, which will make lending more difficult, and decrease the demand for money, which in turn increases the price of money. And the trend in the US market is whenever there is a slight indication there could be a possible increase in interest rates, the market will fall.
It is a timely reminder that whatever goes up will eventually come down...and whatever comes down will eventually go up again.
My SGP portfolio:
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