UK economic crash: Rishi Sunak faces bleak future as unavoidable job losses strike

The UK was forced to go into strict lockdown at the end of March in a bid to stop the spread of the deadly virus. Millions of people were unable to go to work due to the restrictions and fears of a catastrophic economic crash have been ignited. WHAT WORSE CAN HAPPEN?

The Future of Work in America Is in the Office

There is some preliminary evidence that remote work is working. Or, at least, that is isn’t failing. Upwork, an online staffing company, recently published results from a survey of hiring managers. The survey finds that over half of the U.S. workforce is working from home. Fifty-six percent of hiring managers think the shift to remote work has gone better than they had expected. WHAT IS GOING TO HAPPEN TO COMMERCIAL BUILDINGS, SHOPPING CENTRES AND OTEHR BUSINESSES

Alvin Lao confident economy will bounce back in ‘ber’ months if there’s no second wave (The Risk is Still there)???

D&L Industries Inc. expects a gradual pick up in business activity in the fourth quarter following a lull brought on by the coronavirus pandemic.

Company president Alvin Lao said the past three months had been challenging for D&L due to operational restrictions and sapped demand due to the virus.

“We saw steep declines in most of our businesses in the first quarter when we only had two weeks of quarantine. It is likely that the second quarter will not be any better considering strict lockdown measures were in effect for the months of April and May. WHAT IF THE NEXT WAVE COMES?

WHAT IS THE TECHNICAL CHARTS ARE SAYING?

Markets on Friday all took a beating after the bleak reports across the world
DOW JONES fall will continue this week as we see more bad news ahead
SP500 reacted the same as the DOW

WHAT ABOUT PSEI?

PSEI holding its position quite well for now; but we believe the market will be cautious this week

KEY TAKEAWAYS

  • Still to Value Investing – buy companies that cheap and also adapt to the NEW WORKING CONDITIONS & RESTRICTIONS
  • Don’t over-expose yourself but have good money management
  • Observe the global market as there is a positive co-relation to the PSEi
  • Don’t gamble but rather analyse the company and buy them at the right time at good support

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