July 15, 2020 | StashAway Market Commentary

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Play, download and edit the free video July 15, 2020 | StashAway Market Commentary.

Watch Freddy Lim, StashAway Co-founder and Chief Investment Officer, and Philipp Muedder, Head of Financial Planning and Partnerships, discussing the latest global events and their impact on the markets.

In this episode,
StashAway Market Commentary 15 July 2020 [00:00]
Positive development in the Moderna’s vaccine trials [00:12]
The vaccine managed to produce neutralising antibodies in all tests, which is a significant step forward.
Even with the positive development, there are still many challenges ahead to bring the vaccine to market.
Moderna to start the final stage of trials on 30,000 people.
Political tensions continue between the US and China [03:28]
China sanctions US Senators, Marco Rubio and Ted Cruz in retaliation to the sanctions imposed on Chinese officials for alleged human rights abuse in the Xinjiang province.
China slaps a whopping 45% tax rate on Chinese professionals working overseas, largely impacting Chinese nationals in Hong Kong.
President Trump signs a bill to end Hong Kong’s special trade status.
Chinese state funds trim stock holdings [05:30]
While more retail investors jump into the markets, Chinese state funds trim their stock holdings, which can be interpreted as a cautionary signal.
Q&A: Many people say that equity markets are becoming increasingly disconnected from reality. Do you think that the market has gone up too much and is the risk of a market crash imminent? [07:34]
The massive policy stimuli carried out by central banks will continue to prop up the markets for the foreseeable future.
As a result, markets will continue to be disconnected from the economy for the near term.
Q&A: Since technology stocks are showing higher returns at the moment, why is XLK not included in StashAway’s portfolios? [10:15]
The depreciation of the US dollar could potentially offset the appreciation in the value of XLK.

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