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

Investors anticipate insights from the Fed's two-day policy meeting ending Wednesday, focusing on rate cut expectations. Chair Jerome Powell emphasizes the need for increased confidence in inflation approaching the 2% target before rate adjustments. March's inflation data, aligning with consensus, maintains market expectations for a first rate cut in September, despite earlier forecasts for cuts in March and June fading due to stronger-than-expected labor market and inflation indicators.

Amazon and Apple, the final "Magnificent Seven" megacaps to report, are expected to unveil their quarterly earnings on Tuesday and Thursday respectively. Apple faces a projected decline in first-quarter earnings due to a 19% drop in China smartphone shipments. Focus will be on Amazon's cloud computing sector and insights into consumer spending trends. Solid reports from Microsoft and Alphabet aided the S&P 500's recent notable gain, contrasting with mixed performances from Tesla and Meta Platforms.

Market observers await April's Chinese manufacturing data to gauge the momentum of the economy's awaited recovery. Official purchasing managers' index figures release on Tuesday, followed by the Caixin/S&P Global manufacturing PMI. Positive data would reassure policymakers and investors amid efforts to stimulate growth. While global investment firms show optimism in Chinese stocks, Beijing faces challenges with the yuan's fluctuations against the dollar, affecting its export-driven economy.

The eurozone's upcoming release of inflation and economic growth data on Tuesday is anticipated to reinforce expectations for a June rate cut by the European Central Bank. Inflation's rapid decline prompts ECB plans for the cut, although energy costs, high services inflation, and geopolitical tensions pose uncertainties. First-quarter GDP growth is expected at 0.2% YoY, while April's consumer prices likely match March's 2.4% increase due to rising energy costs.

Phillip Managed Account Service Number 244 offers a discretionary investment solution using the Adaptive Market Hypothesis approach.

This 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.

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

Book a Discovery Session with Isaac Fang CFA

Performance Tracking Composite 244

As of 29Apr2024, the “Unit Price” stands at $0.9495 to the dollar. It was $0.927 as of 22Apr2024.
Model Portfolio Number 244 incepted since Feb2023 at $1.
Individual Performance may differ from Composite Performance as individuals “enter” at various “Unit Prices”.