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Announcements
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Ideas
Macro
S&P put Germany, France and 13 other euro-area nations on review for a downgrade yesterday, saying “continuing disagreements among European policy makers on how to tackle” the region’s debt crisis risk damaging their financial stability
Comment: The US has already been downgraded. A downgrade of EU nations is not unexpected
The S&P 500 Index may advance to between 1,330 and 1,345 this month before the rally reverses, according to Tom DeMark, the creator of indicators to show turning points in securities.
Comment: Anyone uses the DeMark indicators? If you see my upside target, it is around there too
Property
The phenomenon of shadow office space is making a comeback. Tenants who find themselves stuck with excess space are looking to dispose of it by finding sub-tenants or replacement tenants.
Comment: I find this point a red flag. The office properties space lagged the residential property sub-sector. This phenomenon is a sign of reversal in the boom uptrend that we have seen in the last 2 years. This just shows the impending reversal into a bearish trend of the property market, regardless of sub-sector. Considering the extent of the last boom, residential sub-sector can be reasonably expected to see more volatile movements
Sources: Bloomberg, Reuters, WSJ, The Business Times, Analyst Reports, Company Announcements
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