US Equities rebound over concerns of slowdown in global economic growth
July 12, 2021
Headline this week:
The three major US equity indices close on records last Friday, as they rebounded from the previous session’s losses amidst concerns of a slowdown in global economic growth. The Dow Jones rose 1.3%, the S&P 500 bounced by about 1.1% and the technology-heavy Nasdaq Composite rose just shy of 1%. The small-cap benchmark Russell 2000 rallied more than 2% on Friday. The yield on the 10-year Treasury rebounded 7 basis points to 1.36%, easing concerns about an economic slowdown. Oil prices rose for a second day on Friday as data showed a draw in U.S. inventories but were heading for a weekly loss amid uncertainty over global supplies after an OPEC+ impasse.
The second quarter’s profits for S&P 500 companies are expected to be up 65% from the same quarter a year ago, according to Refinitiv. The financial sector is kicking off the earnings season with reports from JPMorgan Chase and Goldman Sachs Tuesday. Major banks have recently announced the intention to boost their dividend pay-outs following the Federal Reserve's approval to lenders as all 23 passed the central bank’s stress test.
China’s cyberspace regulator also announced on Saturday that any company with data that surpasses over 1 million users will be subject to tight security reviews before they can get the approval to list their shares in other countries, clamping down hard on its large “platform economy.” The security review will put a focus on the risks of data being affected, controlled, or manipulated by foreign governments after companies list overseas as cited Cyberspace Administration of China on its website.
This website/application including the ‘KristalFlex’ platform is owned, operated and maintained by Globalise Inc., a company incorporated in United States of America (the “Company”). The information placed on the platform is for informational purposes only and does not constitute as an offer to sell or buy a security. The Company reserves the right to make modifications and alterations to the content available on the platform. The Company is neither registered as an investment advisor nor as a broker dealer. The KristalFlex platform offers users access to investments in global securities through multiple stock exchanges and such other services as may be provided either directly or through its affiliates and partners. Price and availability of products and services offered on the platform are subject to change without prior notice. The Company will not be liable for any lack of availability of products and services you may order through the platform.
Do note that investment in securities market are subject to market risks. The valuation of securities may increase or decrease depending on various factors affecting the securities market. The services being provided by through the KristalFlex platform is not professional investment advice. All the recommended list of offshore funds, portfolios etc. being provided through the platform shall be/are in the form of generic research reports on offshore securities and shall be accessible by all authorised / subscribed users of these services at the same time.
The platform and the services thereunder are provided on an “as is” basis. The Company makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. The Company is not responsible for any technical failure or malfunctioning of the software or delays of any kind and is also not responsible for non-receipt of any e-mails. You shall bear all responsibility of keeping the password secure and shall be solely responsible for the loss or misuse of the password.
Any descriptions of, references to, or links to other products, publications or services does not constitute an endorsement, authorization, sponsorship by or affiliation with the Company or its affiliates unless expressly stated otherwise. Any such information and/or products have not necessarily been reviewed by the Company and are provided or maintained by third parties over whom the Company exercises no control. Certain hyperlinks or referenced websites on the platform, if any, are for your convenience and forwards you to third parties’ websites. The Company will, under no circumstance, be responsible for the content, the accuracy of the information, and/or quality of products or services provided by or advertised on these third-party websites. The Company does not endorse in anyway any advertisers/ contents of advertisers on its webpages or the KristalFlex platform.
We are licensed in Singapore, Hong Kong and India. Kristal Advisors (SG) Pte. Ltd. presently operates under the CMS license by the Monetary Authority of Singapore (MAS). Kristal Advisors (HK) Ltd is licensed and regulated by the Securities and Futures Commission (SFC) to carry out Type 4 and Type 9 regulated activities and is not involved in the discretionary management of any collective investment scheme. Kristal Advisors Private Ltd. presently operates as a Registered Investment Advisor under the jurisdiction of the Securities and Exchange Board of India (SEBI).
This is offered only to Accredited and Institutional Investors as defined under the Securities and Futures Act, Chapter 289 of Singapore (“Act”), which broadly comprises of regulated financial Institutions, large corporates, high net worth individuals and sophisticated investors.
An Accredited Investor is an individual
Whose net personal assets exceed in value SGD 2 million (or it’s equivalent in a foreign currency) with value of his/her primary residence capped at SGD 1 million, or
Whose financial assets (net of any related liabilities) exceed in value SGD 1 million (or it’s equivalent in a foreign currency), or
Whose income in the preceding 12 months is not less than SGD 300,000 (or it’s equivalent in a foreign currency)
I agree to opt-in as Accredited Investor and will submit required documentation to confirm the same.