Reed (reedshaw)

The Market has 4 phases of valuation basis the sector cycle model of SMS™ 1. PE Rererating (Undervaluation + Growth) 2. PE Expansion (Fair Valuation + High Growth ) 3. PE Derating (Overvaluation + Avg Growth) 4. PE Contraction (Fair valuation + Low Growth)

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Market Cycle Update 2004-2007 - 4 yrs bull run 2008-2012 - Sideways/bearish 2014-2017 - 4 yrs bull rin 2018-2019 - Bearish 2020-2024 - 4 yrs bull run 2025 onwards - Sideways/Bearish expected as valuations are at multi decade high... Market Cycle Students can bookmark

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On request doing a space at 12:30pm today to discuss the Market techno funda structure of sectorial indices & way forward...

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iao Zhan Studio Weibo updated: The grand Gucci show is about to begin! Together with global brand ambassador Xiao Zhan, experience the timeless elegance of the Gucci FW 2025 fashion show. See you soon!

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