KuoJuFen @KuoJuFen: "Monthly Update August has been a..."

Taiwan

Edited

Monthly Update August has been a month marked by high volatility, largely driven by significant economic events and market reactions. The first week of August saw a sharp increase in market volatility, primarily due to Japan's hawkish announcement to raise interest rates. This move led to a wave of deleveraging across global markets. Compounding this, the release of economic data during the same period fell below expectations, heightening concerns about the global economic outlook and triggering further market uncertainty. However, as August progressed, the economic landscape began to improve. Subsequent data releases painted a more optimistic picture, helping to mitigate the earlier fears of a potential recession. Besides, the Federal Reserve released a clear signal indicating the likelihood of future rate cuts, which provided additional support to the markets and eased investor concerns. Amid these developments, the S&P 500 Equal Weight Index ($RSP ) reached a new high, signaling an improvement in market breadth. This broader participation across various sectors suggests a healthier market environment. While volatility may persist leading up to the upcoming elections, I remain bullish on the market's prospects through the end of the year. Based on the signals, I plan to increase my exposure to small-cap stocks, which I believe are poised for growth in the current environment. My watchlist includes companies $SPOT (Spotify Technologies SA) $POWL (Powell Industries Inc) $PLTR (Palantir Technologies Inc.) $AXON (Axon Enterprise Inc) $MELI (MercadoLibre) These stocks show promising potential and align with my strategy to capitalize on the market's bullish momentum. Overall, I am confident that the market will continue to present opportunities for growth, and I am positioning my portfolio accordingly.

5 Mentioned

SPOT

Spotify Technologies SA

POWL

Powell Industries Inc

PLTR

Palantir Technologies Inc.

AXON

Axon Enterprise Inc

MELI

MercadoLibre