Table of Contents

Adaptive Markets Hypothesis and Market Outlook

Adaptive Markets Hypothesis acknowledges dynamic markets which Isaac fully subscribes to. Some background to its implications, coupled with varied approaches to the market, provide context that drives Isaac’s market outlook, views and opinions.

Disclaimer

This market outlook is not to be misconstrued as a recommendation to act whatsoever. There is a moral hazard in protecting people from the consequences of their actions. Kindly take responsibility for your own actions because nobody is holding a knife against you and making you do something against your wishes.

Attribution

Material has been extracted from all over including Bloomberg, Reuters, TradingView and other financial websites. The choice selection of information has been assembled in Mosiac fashion.

Things to Watch for This Week

Phillip Managed Account Service Number 244 offers a discretionary investment solution using the Adaptive Market Hypothesis approach with Isaac Fang CFA as Portfolio Manager.

The approach acknowledges the dynamic nature of financial markets and prioritizes adaptability to respond to changing conditions and trends.

It emphasizes transparency and real-time monitoring for investors, providing access to detailed portfolio information at any time, enhancing their confidence in navigating the ever-evolving financial landscape.

Here's 5 things to watch in the week starting 1st September.

The U.S. Court of Appeals rejected Trump’s broad tariff powers, challenging his use of emergency authority. The White House has until mid-October to appeal to the Supreme Court, where officials expect conservative backing. Analysts warned global markets and Treasuries could be affected if tariff revenues must be refunded, though celebrations among trading partners remain premature.

This week’s U.S. data includes private-sector jobs, openings, and ISM PMIs. Manufacturing PMI is expected at 48.9, still signaling contraction, while services PMI edges to 50.5, just above expansion. Manufacturing shrank for a fifth month in July, with factory jobs at a five-year low. Services, two-thirds of the economy, showed stagnation and weakening employment.

The Fed’s Beige Book, due Wednesday, will give a final read on the economy before September’s policy meeting. July’s report flagged persistent cost pressures and warned consumer prices could rise faster by late summer, with all 12 districts citing Trump’s trade policy. Businesses voiced slowdown concerns, with tariff uncertainty prompting delays in hiring and investment decisions.

Broadcom’s earnings this week will provide fresh insight into AI spending, which has cooled after disappointing results from several firms. Nvidia’s softer sales forecast, hit by excluded China revenues, further dampened sentiment. With investors rotating back into software, Salesforce’s upcoming results are seen as a key test for the sector amid lingering AI disruption concerns.

Personalized Discretionary Investment Management is also available starting at SGD 250,000.

This is suitable for those with intentional mandates and want a customized high touch investment service.

Detailed portfolio information at any time, will be made available via mobile app and one single account can hold multiple asset classes.

Consider consolidating all capital market assets under one single account for wealth management ease.

Adaptive Markets Hypothesis and Portfolio Management

Approaches and Manner of Expression

Adaptive Markets Hypothesis Different Styles and Approaches to Investment

Isaac Fang CFA offers Discretionary Portfolio Management

Click Here for the Advantages of Discretionary Investment Management for Modern Investors

PhillipManagedAccount 244 _1 Adaptive Market Hypothesis

PhillipManagedAccount 244 _2 Adaptive Market Hypothesis

PhillipManagedAccount 244 _3 Adaptive Market Hypothesis

PhillipManagedAccount 244 _4 Adaptive Market Hypothesis

PhillipManagedAccount 244 _5 Adaptive Market Hypothesis

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Performance Tracking Composite 244

As of 21 Mar 2026, the “Unit Price” stands at $1.074 to the dollar. It is $1.075 on 28 Mar 2026.

Isaac Fang CFA is the Portfolio Manager for Model Portfolio Number 244 incepted since Feb2023 at $1.
Individual Performance may differ from Composite Performance as individuals “enter” at various “Unit Prices”
- TWR stands for Time Weighted Returns. Calculations are maintained by the Firm.
- Composite Level ensures No Cherry Picking of Accounts for Proper Performance Attribution.
- Shorting Strategies are permitted.
  - PMA Service No#244 embraces adaptive markets hypothesis with a global mandate.
  - PMA Service No#244 uses SGD as a base currency.
  - For More Performance Details and other related matters >> https://tinyurl.com/PMA2