Dacai

$IFAST(AIY.SG)The Bollinger Band of this stock is getting narrower which is a sign of decreasing market volatility and the stock is now trading slightly above the middle region. Hopefully this means that a breakout is going to happen soon. Watch for whether the candle can close firmly above the upper limit of the band.

$Suntec Reit(T82U.SG)Wowsie, I haven’t boarded the train of DCA and it’s reversing already? The Fed’s interest rate path is now expected to be maintained or raised which is not good for reits so I’m not sure why. In these unpredictable times, it’s more important than ever to control the size of the position so that one is not forced to liquidate when the price is down.

A. AI is the harbinger of a seismic change to how we learn, work and interact, many of which may not necessarily be within current imagination. This means we are only seeing the tip of the iceberg where the demand for powerful chips is concerned. Nvidia is well-positioned to benefit this growth with its dominant market share in AI architecture, healthy profit margins and a strong software ecosystem. Most importantly, the CEO is not the type to rest on his laurels. In this industry, if a company doesn’t continually innovate, it is easy to get left behind.

I am still riding the AI parabola but I will be wary of adding more at this point as the risk is higher of being trapped at or near the peak.

My goal is to build up a stream of passive income so I’m only holding selected reits with strong foundations. Banks still make up the majority of my portfolio.

While higher interest rates are usually good for banks, stagflation is a different story. Stagflation is inflation occurring at the same time as rising unemployment and a slowdown in the economy.

I am still bullish about banks. The 3 local banks have strong balance sheets and are reliable payers of dividends.

I’m  not confident the acquisition of Paragon is good for CICT as that mall doesn’t get a lot of shoppers.