dimpledbrain

The conceptual framework for a man's search for meaning

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OPR 2.75%

January 22nd, 2020 by dimpledbrain

  1. 1 day after I posted bearish outlook for REIT, the central bank slashed rate by 25 basis points.
  2. This will temporarily boost up Reits/ Propert counters while banking/ finance will be negatively impacted
  3. My view on REITs remains until the chart tells me otherwise.
  4. This is interesting – let’s see what happens next.
  5. Will be following this closely
  6. This is also a good opportunity to test whether chart makes sense or not
  7. Why I think chart makes sense:
    • Collective output by all market participants
    • The market is always larger than a single entity
    • The weakness or strength developed in the chart is over a period of time
    • You can postpone it but you cant prevent it
    • I’m penning this down (before the fact unfolds ahead of us) – and you can judge this for yourselves too. (taking into consideration that I could be wrong as well in the process).

https://www.thestar.com.my/business/business-news/2020/01/22/bank-negara-mpc-cuts-opr-by-25bp-to-275

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