Saturday, August 31, 2013

Watchlist - Aug 2013

See below my current watchlist:


Some stocks I am more interested to invest in than others and therefore I am more frequently following price developments and publications of these stocks.

This table does not imply that I would like to add all of these stocks to my portfolio. It is simply an overview of all the stocks I currently find worthy to look at.

Market - Aug 2013

Not too much has happend in the stock markets during the summer period since my introductory post in June:

After the Fed stated it is likely to slow down its bond-buying programme later this year, markets fell back to 7,700 (DAX) and 14,700 (Dow Jones), but recovered close to or even exceeded
recent all-time highs (DAX: 8,530 / Dow Jones: 15,650) in July. 

While politicians see the US economy continuing back to growth supported by decreasing unemployment rates, the situation in good old Europe is way more diverse with still unbearable unemployment rates and debt burdens in "the South" and more stable but stagnating economies in "the North". In addition, the situation is exposed to potential political shocks like Germany's elections in September or upcoming debates about a 3rd bail-out package for Greece. 

Overall, it seems as if the US is better off and politicians already see the Fed starting to draw down on the amount of bonds it buys very soon.

I have my doubts about the recent recovery in the US and like few years ago I ask myself today how and when Western economies (including Japan) will ever start to repay debt and de-leverage. Until there is no strategy to reduce debt, there is little reason to believe that the US recovery is sustainable and that the Fed will stop its bond buying programme in the near future. 

At the same time, there are recessionary fears in the Emerging Markets and Asia: Asia’s role as world’s growth engine seems to be waning and economies across the region weaken with investors pulling capital out of the markets. This development is reflected in the recent downward trend of my 3rd core market Singapore and its Straits Times Index (STI).

At a currently favorable EUR/SGD exchange rate, this could be a good opportunity to increase my Singapore exposure by solid positions like SingTel (4.78% yield) and Capitamall (5.42%  yield). With a potential Syria war conflict in mind, I will stay tuned and watch the markets in the next days, keeping in mind that I could also catch the famous falling knife... 


Beliebte Posts