Trump presidency was uncertain crossing the year end. There was no obvious xmas or Capricorn rally effect. in Feb, things are turning around with lesser anticipated tariffs to China, the focus was in Canada / Mexico as a bargaining chip.
China economic stimulation effects are yet to be shown, but shown bottoming as more and more concrete measures are published.
2 bullish tail end
1 ) Govt is intervening the % allocation of Chinese equities in funds / insurance companies etc.
2) deep seek effect is a global realization of Chinese AI has caught up, alibaba tied with apple has a massive revaluation implication.
H-shares/tech are 3 years high, A shares are still underperforming.
Bigger moves:
40K (DBS EM funds) sold
22.5K Seatrum sold.
Total NW (Liquid): $394k, 3 month Return 15%
Thanks god, for huge jump of the HK equities (HS tech and alibaba)
Portfolio, up from $54k from $340k
By March.
Build More cash and Reduce stock positions.
Continue the build of Core funds.
Update 3rd March.
Sold off most US core holdings at 4th March.
$70k powder to DCA buy S&P 5700, There’s a chance of a 20% draw down to 5400
