To The Moon

Singapore consumer stocks span multiple and diverse businesses across non-cyclical/essential products and services, in addition to cyclical/non-essential products and services. The 20 most traded consumer-focused stocks over the past 17 weeks operate a wide field of consumer-focused businesses, with much relevance to the modern day familiar economic themes.1.Cortina Holding $CORTINA HOLDINGS LIMITED(C41.SI)$ Among the 20 traded consumer-focused stocks, luxury timepiece retailers Cortina Holding $CORTINA HOLDINGS LIMITED(C41.SI)$ and The Hour Glass $THE HOUR GLASS LIMITED(AGS.SI)$ have generated the highest 5-year total returns. 2.The Hour Glass

The U.S. markets suffered a selloff yesterday. Dow was down 3.94%, S&P 500 dropped 4.32% and Nasdaq tanked 5.16%. The most likely cause was the inflation rate didn't decrease as much as expected.The funny thing is that annual change in inflation rate has eased further in August. It peaked in June at 9.1%, fell to 8.5% in July and decreased to 8.3% in August.The trend appears to be coming down. Oil (WTI) price has also went below $90 per barrel, losing about 30% from the peak.Hence, inflation seemed to have peaked but it doesn't mean it will fall to the Fed's target of 2% quickly.Probably this is where mismatched expectations became the problem.S&P 500 gained every single day in the past 4 days leading up to the release of the inflation report. It rallied a total of 5.4% in that 4 d