Home Capital Tong's Portfolio

Adobe is another example that the future favours the subscription model

Tong Kooi Ong
Tong Kooi Ong7/19/2019 07:30 AM GMT+08  • 6 min read
Adobe is another example that the future favours the subscription model
(July 22): US stocks continue to outperform the rest of the world this year. The Dow Jones Industrial Average, Standard & Poor’s 500 and Nasdaq Composite all hit fresh record highs this month. The three benchmark indices are currently up between 16.7% a
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

(July 22): US stocks continue to outperform the rest of the world this year. The Dow Jones Industrial Average, Standard & Poor’s 500 and Nasdaq Composite all hit fresh record highs this month. The three benchmark indices are currently up between 16.7% and 23.4% for the year-to-date.

This latest rally was fuelled by rising expectations for lower rates. The chairman of the US Federal Reserve all but confirmed an imminent cut in policy rates in his recent testimony to Congress, likely as soon as the end of this month. Lower interest rates will lift overall stock valuations, especially for high-growth companies.

Meanwhile, the underlying economy remains on solid ground, with the latest job market report beating expectations. Lower interest rates will extend the life of this economic expansion and, importantly, should underpin stronger wage gains.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now