By Wong Kon How
Some good news for the rest of 2022.
Outlook for 2023.
The good news:
· Reopening of China
Recalibrated a zero-COVID strategy that has been a major brake on commerce, and developed plans to rescue the collapsing property sector.
· US China Relationship
Leaders of the United States and China set a more positive tone for relations after meeting in person on Nov 14.
· Easing of Massive Hike
Federal Reserve officials supported expectations that the most powerful central bank will shift to less gargantuan interest rate hikes.
Where is the market moving from here?
A relief into the rest of 2022, however volatility is still expected in 2023 with great uncertainty. The only cure is when the U.S CPI starts trending below the 3% band; its last 40 years band.