Stocks saw a bit of a pullback last week, after chalking up strong gains at the start of the new year. This is perhaps unsurprising. Expectations have risen significantly on the back of better prospects for 2021. We suspect a fair amount of potential good news has been priced into stocks. It is, therefore, likely we may see more volatility, if and when reality fails to meet the lofty expectations. And with the start of the US quarterly reporting season, there will be opportunities for disappointment. That said, we remain upbeat on the outlook for further gains and are keeping our Global Portfolio near fully invested.

Many of our investments are made based on what we believe are secular trends that will drive sales and earnings over the longer term. One such trend is the migration to cloud, which has been accelerated by the Covid-19 pandemic.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook