Ken Shih, Saxo Markets

Ken Shih, Saxo Markets

28112022 PT - Ken Shih

28 November 2022
Market View: US Stock Market, Fundstrat's Tom Lee’s expectations of a December rally, Warren Buffet’s recent buys
US stocks got a boost last week from the latest minutes from the Federal Reserve’s November meeting, where the central bank is looking to hand out smaller rate hikes in the coming months. While economic data out of the US showed the US economy responding to the Fed’s four straight 75 basis point interest rate hikes, is it too early for markets to be optimistic?
Similarly, Fundstrat’s Tom Lee predicted that the S&P 500 could rise another 14 per cent through the end of the year as inflation comes down, setting the stage for a big December rally. But how likely is this?
Back in Asia, Warren Buffet has picked up a US$5 billion stake in semiconductor manufacturer TSMC. But what do market watchers see of his recent buy, and what are the opportunities in the Greater China region?
On Market View, Prime Time's finance presenter Chua Tian Tian posed these questions to  Ken Shih, Head of Wealth Management, Greater China at  Saxo Markets.

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