Looking at a bigger picture, we can see that of the 3 indices, the Nasdaq index soar the highest after the March 20 sudden fall. SPX500 and DJIA were pretty decent in its recovery , at least fairly consistent.

In today's digital world, we are talking about digitising the mom and pop shop concept (see how strong E commerce growth has been globally) and automation in industrial and material sectors.

It is no longer an exaggeration to say people of all ages cannot live without the online world !
Read articles here , here and here

Then compare the constant war that US and China have over the tech industry - Huawei being the classic case. It is said that China is now no longer a copycat like before but an innovator in the tech industry worldwide. The Government is also spending lots of money to boost this industry.

Not forgetting Covid-19 - is it getting better or worse now , on average ? SG has just returned back to dining from 5 to 2 due to a new recent cluster case. Malaysia and Indonesia along with other countries like India are facing staggering number of cases per day. Their healthcare system is at the brink of COLLAPSE , overworked , underpaid medical staff working long hours and poor distribution of vaccines plus insufficient education on the need to wear masks in some areas.

Connecting this dot, will travel and tourism business return anytime soon? Closely related are the hospitality industry like hotels, cruises, amusement parks, cinemas, entertainment industries - all will be hit hard. Is the government going to continue dig into its depleting coffer to support these industries ? Many companies will be forced to close shop and call it a day while others hang on a tight budget hoping to last another better day !

But it is not all gloom and doom if you know where to find the gems ! I will be sharing more in the next few posts .