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liquidity
Tong's Portfolio
US stocks likely to outperform next 6 months
One of the biggest drivers of the ongoing rally is liquidity.
April 23, 2021
Tong's Portfolio
'Investors should stop worrying whether the stock will fall' - here's why
Over the past week, we have been seeing yet another shift, back to Big Tech.
April 16, 2021
Tong's Portfolio
When should companies do share buybacks?
Poor liquidity usually leads to depressed overall valuations, all else being equal.
March 05, 2021
Tong's Portfolio
A bull or bear market for 2021?
We have made our position very clear in recent articles. We remain bullish on the global stock market.
February 10, 2021
Tong's Portfolio
Without real yield, when will investors switch out of bonds?
There is ample liquidity in the world, while interest rates will remain near zero with monetary policies staying extremely loose.
November 06, 2020
Tong's Portfolio
Malaysian banking system is strong, with ample liquidity and reserves
Financial institutions are often the most vulnerable segment during a crisis when liquidity drops.
October 23, 2020
Tong's Portfolio
Why foreign equity funds are net sellers in emerging markets
Why have foreign investors been net sellers in six of the last seven years?
September 18, 2020
Tong's Portfolio
Stock valuation is also determined by its trading liquidity
Aside from the macro implications, liquidity is also an important factor behind individual share price movements and valuations.
September 11, 2020
Tong's Portfolio
Money from moratorium fuelled stock rally
Certainly, excess cash that flows to the stock market will fall, but investors have made capital gains and the wealth effect will have a longer tail momentum.
September 04, 2020
Tong's Portfolio
Excessive unproductive liquidity causes irrational speculation in stock markets
The reality is that, while earnings and cash flow determine stock prices in the long run, short-term prices are driven by demand and supply.
July 17, 2020