For May 2020, Shalom Fund return a year-to-date performance of 0.76% while STI index year-to-date return is -22.09%. Shalom fund outperform STI Index by 22.85% year-to-date.
- Coronavirus cases have reached an all-time high of 6.16M cases worldwide with over 371K death till date
- US stock market stage a strong rebound on rising hope of a coronavirus vaccine and gradual reopening of the economy while Asia market is lagging due to the brewing crisis in Hong Kong
- US is expected to release more shocking economic data in Jun 2020 with the unemployment rate set to near 20%
- US economy shrank at 5% annual rate for Q1' 2020 with economists expecting a significantly worse outcome for Q2' 2020, possibly surpassing the worst of the Great Depression
- Singapore is expected to gradually open up the economy after Jun 1st 2020 with about 75% of the economy reopening
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