Market Outlook Lunch by Julius Bar

I was invited to this lunch time talk at the Ritz Carlton today. This is the first time I have attended such a talk by JB.

I usually don’t find these presentations by banks useful. Most of the time I have found their predictions at the start of the year generally off. But since I was invited by my banker and good friend, I decided to attend this one. The food was surprisingly good.

The way they did the presentation was also quite good. It wasn’t boring. Parts of it were actually interesting. Key takeaways..US interest rates will come down this year and thus the dollar will depreciate, the number one concern of Americans, especially young people, is the issue of affordability and cost of living, there is now a huge impetus to build more housing in the US, Chinese yuan will appreciate and their high tech industries are getting better and becoming global, AI is growing but to look out for Open AI and its burn rate. But I do think that if one follows the news diligently and read the Economist regularly, nothing of what they said was really new or earth shattering.

I was seated with my friend U Zyn. We didn’t get a chance to speak much cos the presentation lasted through the entire lunch.

Also I met a fellow ACS band mate, Mervyn Beng, at the presentation. I remember he was my senior in school and he played the euphonium.

He runs a charity called Resound Collective, which promotes small orchestra and chamber music. I must look out for their performances.