We like Apple but the prolonged sell off caused us to covered our long at 112.  We have made a slight profit and sideline for the moment due to US presidential election.

FED should have raised it months ago.  As already indicated that FED is shifting from monetary to fiscal. Support of low rate in long run will damage economy further. However, indicisive move is not making the window for rate hike even more difficult.  Speculators may have know how to read FED and making money from bumby market.

I am not sure how much is the impact as after several rounds. We still yet to see a strong impact like in other countries.  For example properties investment in Singapore and Australia by the Chinese are significant till now.

Nevertheless, a trade Mission may boost activities across the country. I take it as a positive note that will further add on to our cautious optimistic outlook for 2017.