Written by Chua Soon Hock,
CIO and Founder of
Asia Genesis Asset Management
View from the East
It was a volatile January with stock market initial euphoric surge continuingly supported and influenced by frenzy short squeeze in hype up stocks (Tesla, GameStop, etc.) in platforms like Reddit, playing Pipe Piper to millions of Millennial novice speculators into options buying and cultish herd behaviour, justifying as inflicting social justice as Brave Young Ones versus Establishment propaganda. But as shorts among some prominent hedge funds were forced to cut out significant positions, losing tens of billions and the reality of month-end options delivery into actual crazily priced stocks kick in, the stock market declined sharply into its last few days of trading erasing its earlier gains....
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2020 & Beyond 2020: Major Rewards & Major Risks
2020 has been a unique year in many ways.
The world was devastated by Covid-19 pandemic at a human, social and partially economic level.
Countries and leaders responded in different ways, with a range of vastly different results.
Generally, societies that have authoritarian governments with discipline and cooperation from citizens did much better like China, Vietnam and many East Asian nations, while the reverse was true of fragmented governments with divided views and lack of united discipline and cooperation among its citizens, with the USA leading the pack....