Portfolio Update (14/10/2018)

By Isaac Zhu Yukun

Early in the week the International Monetary Fund (IMF) dialed down its growth expectations for this year and next, partly due to U.S./China trade tensions. Adding to the uncertainty were a small number of companies issuing profit warnings, making investors nervous about the upcoming earnings season. The next week could see corrections in companies that have been delivering throughout the year (such as CELG and BMY) as we inch closer to earnings season.