The stock market rallied in relief ๐Ÿ˜Œ (weekly ended 02/08/2022)

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Sharing some Investing and Economic insights:

  • The Fed had increased the interest rates by 75 basis points (bps) last week โ€“ its second time this year.
    • Given this latest increase had been priced in earlier, the market rallied in relief overnight on indication of a possible slower pace of rate increase — which pointed to a lower recession risk and subsequently a calmer stock market.
    • It warned that a third similar increase may take place in September if inflation continues.
  • Bursa Malaysia continued its upward trajectory for the fourth consecutive days yesterday to breach the psychological 1,500 points level, driven by buying, mainly in plantation and energy stocks โ€“ The Star.
    • The FBM KLCI finished at 1,502.1 yesterday from Fridayโ€™s close of 1,492.2.
    • Key regional indices were also in the positive territory following the upbeat cues from Wall Street.
  • Policy might help but โ€œit is really down to the responsibility of the individual to manage their financesโ€.
  • Raiz is about helping you save & invest more โ€“ saving 5% of your salary is better than earning 5% return. Having a disciplined savings habit can help improve your financial position quicker than spending time choosing the best fund manager.


Fun Fact

Wall Street

It is actually a street in the financial district of lower Manhattan in New York City, US. The term “Wall Street” has become a synonym for the financial markets of the US as a whole.


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