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Despite dramatic headlines, markets resume growth trajectory
Despite dramatic headlines, markets resume growth trajectory

Business Times

time12 hours ago

  • Business
  • Business Times

Despite dramatic headlines, markets resume growth trajectory

[SINGAPORE] Recent world news headlines remind me of Michelle Yeoh's award-winning movie Everything Everywhere All at Once, in which multiple events happen in parallel, creating different possibilities. Geopolitical trade tensions are happening alongside ongoing physical conflict between nations, while populations are feeling the effects of climate change as natural disasters strike communities unexpectedly and seemingly more often. The state of the world feels increasingly volatile, uncertain, complex and ambiguous, as every event threatens to upend financial markets and rattle the global economy. The reality, though, is that financial market movements are painting a more benign story underneath the dramatic headlines, especially when compared against the near-term impact of major historical events. Today, the S&P 500 is at an all-time high, rallying more than 20 per cent since its drop in April and surpassing its last peak in February. The continued growth in the market despite global events echoes the age-old phrase 'nothing ever happens', an expression originating from the depths of the online forum 4Chan to describe the lack of significant international developments in modern history. This phrase continues to be a popular meme among young investors today, when analysing the market impact of recent geopolitical tensions. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up A market apathetic to international events History has shown that shocks from international developments cause knee-jerk reactions in the market, but their effects quickly taper off and markets continue their growth trajectory. Take, for example, the Covid-19 pandemic in 2020, when countries were locked down and travel was limited for an extended period. Despite that, the S&P 500 fell 5.9 per cent in March 2020 but rebounded 12.1 per cent in three months, reversing its dive and even gaining some ground. The recent India-Pakistan skirmish is another case in point. Five days after the first conflict, markets recovered with the S&P 500 rising 0.2 per cent and 30 days after, markets rose 5.7 per cent. The reality is that since World War II, less than 10 per cent of geopolitical shocks have significantly affected markets, with such impact from most global events being very short term. Factors driving market apathy Firstly, retail investors piling into stocks are driving markets. In the first half of 2025, they poured a record US$150 billion into US mutual funds and exchange-traded funds (ETFs), while investor holdings of US index futures were near a three-year high. Retail inflows were the highest in over a decade, indicative of investors' unwavering confidence in the market. These funds flows reflected investors rebuilding their positions after a reduction in the most extreme tariff risks, and their confidence in the market after adopters and enablers of artificial intelligence indicated a strong outlook in their first-quarter results. Secondly, globalisation has enabled technology and innovation to travel beyond borders, allowing supply chains to become diversified as countries invest into their capabilities to become self-sufficient. Countries are no longer isolated in their technological progress. The globally connected innovation ecosystem enables knowledge sharing that accelerates development and fosters competition. This diffusion of technology has directly impacted global supply chains, making them more diverse, adaptive and resilient, while allowing nations to localise segments of production more readily than in the past. Countries are increasingly prioritising self-sufficiency in today's multipolar world, especially as more nationalistic tendencies emerge. These factors effectively cushion today's financial markets and shorten impact from international events. As a result, investors who stayed calm through these developments and continued investing instead of divesting their portfolios benefitted as markets settled down and continued to climb. What investors can do Does this mean that investors can fully ignore these events and stick with their investment strategy regardless of what happens? I don't think so. Instead, investors need to review their portfolios regularly to ensure it fits their financial needs and goals. They need to ensure their portfolios are diversified, and underlying holdings meet quality criteria. While diversification does not ensure profit or protection against loss, there are some strategies that investors can employ to ensure portfolio resilience in volatile times. Suitable investors may want to consider asset classes that aim to reduce correlations to markets, such as alternative investments in the form of market-neutral funds, multi-strategy hedge funds, relative value arbitrage funds and private equity funds investing in key infrastructure assets. However, it is also important to be aware that investing in alternative investments is intended for experienced and sophisticated investors who are willing to bear the risks of the investment. Having different asset types within a portfolio works well as they respond differently to market shocks and developments. Geographic diversification also makes sense, as emerging markets in Asia and parts of Europe outperform. Portfolio diversification will also enable investors to weather political leadership changes. Political transitions and changes – especially during elections or regime shifts – can lead to new fiscal and tax policies, as well as shifts in world trade orders and regulations. Markets often react sharply to these changes even if the impact may be transient. Some shifts may cause more lasting impact to portfolios, so investors will do well to not be overly exposed to any country or region, and expand beyond their bases so as not to double-down on domestic risks. Prioritising companies with strong balance sheets, consistent earnings and low debt also is a defensive sleeve in investors' portfolios. Investing in long-term structural themes that endure beyond short-term volatility is also useful as these themes can offer growth even in weak macro environments, and provide returns in the medium term. Still, many traps remain for investors, and a credible management team can help them identify early winners and navigate the market. Regularly occurring geopolitical turmoil makes investing feel risky and unstable, but history tells us that the market always recovers and stabilises. The key for investors is to have a portfolio that will weather uncertain times, and allow them to hold out until the market recovers. That way, they can still rest easy while staying invested the next time everything everywhere occurs all at once. The writer is the Asia South head of client investment advisory and market executive Singapore, Citi Private Bank

Did Michelle Yeoh just confirm Lisa and Frederic are dating? Fans think so
Did Michelle Yeoh just confirm Lisa and Frederic are dating? Fans think so

India Today

time13 hours ago

  • Entertainment
  • India Today

Did Michelle Yeoh just confirm Lisa and Frederic are dating? Fans think so

Michelle Yeoh hints BLACKPINK's Lisa, Frederic Arnault are dating. (Photo: Instagram/michelleyeoh_official / Instagram/ India Today Entertainment Desk Rumours link BLACKPINK's Lisa with LVMH heir Frederic Arnault Michelle Yeoh's Instagram post fuels dating speculation Yeoh's caption hints at Lisa and Frederic's relationship Rumours of a relationship between BLACKPINK's Lisa and LVMH heir Frederic Arnault have been circulating for quite some time. From attending events side by side to going on holidays with each other's families, the pair have sparked speculation around the globe. Although both have stayed silent about the nature of their relationship, a recent Instagram post from Oscar-winning actor Michelle Yeoh may have just provided fans with the biggest hint yet. In a photo carousel shared on her Instagram, Michelle Yeoh reflected on her recent trip to Paris, where she attended an event honouring Italian businessman Diego Della Valle, who received the title of Chevalier de l'Ordre des Arts et des Lettres. Among the images, one in particular stood out, Yeoh posing with Frederic Arnault, CEO of Tag Heuer and son of LVMH chairman Bernard Arnault. While the photo appeared casual, it was Yeoh's caption that reignited dating rumours. After congratulating her friend Frederic on his recognition, she added, 'hope to meet u soon Lisa.' Check out the post: (Credit: Instagram/michelleyeoh_official) This casual mention of Lisa has led many fans to believe the couple is indeed romantically involved, and that Frederic may have been speaking about Lisa even though she wasn't present at the event. This understated yet revealing comment from Yeoh, who is well-connected in elite circles, suggests that Lisa may hold a special place in Frederic's life. The remark implies there have been conversations between Yeoh and Frederic regarding the BLACKPINK star, and fans see it as a strong indication that their relationship is acknowledged among those close to them. Lisa and Frederic were first linked in 2022, when he was seen backstage at BLACKPINK's BORN PINK tour. Since then, they've been spotted together on multiple occasions, including public events, meals out, and holidays with family. Nonetheless, both have continued to keep their relationship status private. Rumours of a relationship between BLACKPINK's Lisa and LVMH heir Frederic Arnault have been circulating for quite some time. From attending events side by side to going on holidays with each other's families, the pair have sparked speculation around the globe. Although both have stayed silent about the nature of their relationship, a recent Instagram post from Oscar-winning actor Michelle Yeoh may have just provided fans with the biggest hint yet. In a photo carousel shared on her Instagram, Michelle Yeoh reflected on her recent trip to Paris, where she attended an event honouring Italian businessman Diego Della Valle, who received the title of Chevalier de l'Ordre des Arts et des Lettres. Among the images, one in particular stood out, Yeoh posing with Frederic Arnault, CEO of Tag Heuer and son of LVMH chairman Bernard Arnault. While the photo appeared casual, it was Yeoh's caption that reignited dating rumours. After congratulating her friend Frederic on his recognition, she added, 'hope to meet u soon Lisa.' Check out the post: (Credit: Instagram/michelleyeoh_official) This casual mention of Lisa has led many fans to believe the couple is indeed romantically involved, and that Frederic may have been speaking about Lisa even though she wasn't present at the event. This understated yet revealing comment from Yeoh, who is well-connected in elite circles, suggests that Lisa may hold a special place in Frederic's life. The remark implies there have been conversations between Yeoh and Frederic regarding the BLACKPINK star, and fans see it as a strong indication that their relationship is acknowledged among those close to them. Lisa and Frederic were first linked in 2022, when he was seen backstage at BLACKPINK's BORN PINK tour. Since then, they've been spotted together on multiple occasions, including public events, meals out, and holidays with family. Nonetheless, both have continued to keep their relationship status private. Join our WhatsApp Channel

Did Michelle Yeoh Confirm BLACKPINK's Lisa & Frederic Arnault's Rumoured Romance?
Did Michelle Yeoh Confirm BLACKPINK's Lisa & Frederic Arnault's Rumoured Romance?

Hype Malaysia

time2 days ago

  • Entertainment
  • Hype Malaysia

Did Michelle Yeoh Confirm BLACKPINK's Lisa & Frederic Arnault's Rumoured Romance?

Rumours surrounding BLACKPINK's LISA's (리사) high-profile relationship have taken the internet by storm, with netizens speculating on the validity. For over a year, the alleged couple have not made it public on their status; however, we might just be catching hints on a big reveal soon. In a recent Instagram post posted on Saturday (26th July 2025), Michelle Yeoh drops a big hint at LISA's relationship to LVMH Watches' CEO, Frédéric Arnault. The picture taken at an event in Paris shows the 62-year-old actress next to Frédéric with her caption, 'Love and congratulations to my dearest Diego, and hope to meet u soon Lisa'. The carousel of pictures posted by Yeoh sparked flurries of comments from netizens as her caption seemingly takes a jab at the couple's relationship. Most netizens show support for the two renowned Asian artists. However, questions remain whether this confirms that their relationship. Instagram user @/lilianquezadac comments, 'When I saw it on the internet, I thought it was an edit.. But now it's real, so does this confirm Lisa and Frederic's relationship?'. Other netizens have also come out to express their dislike over the rumours of LISA's partner, with Instagram user (@/woyoyoursan_) commenting, 'For what? I feel like it's really rude to mention LISA's name when she's not there'. At the same time, LISA has been posting more frequently about her lavish lifestyle, mainly featuring her array of sports cars that have had fans speculating whether it could be sourced from her billionaire boyfriend. Do you think Michelle Yeoh could be confirming the relationship of what would be K-pop's most high-profile couple? Source: Instagram Alyssa Gabrielle contributed to this article

'It was mind-blowing': Jamie Lee Curtis cherished getting to sit in the front row at the Oscars
'It was mind-blowing': Jamie Lee Curtis cherished getting to sit in the front row at the Oscars

Yahoo

time4 days ago

  • Entertainment
  • Yahoo

'It was mind-blowing': Jamie Lee Curtis cherished getting to sit in the front row at the Oscars

Jamie Lee Curtis "never thought" that she would get to sit in the front row at the Oscars. The 66-year-old star took home the Academy Award for Best Supporting Actress in 2023 for her part in the movie Everything Everywhere All at Once and recalled how the most exciting part of the ceremony was when she and her co-stars found out they would be sitting in prime position for the show. Jamie told AARP The Magazine: "As soon as Ke (Huy Quan) and Steph Hsu and Michelle Yeoh came and sat in the same row, I literally walked up to each one of them and I went, 'Ke, where are we?' And he said, 'We're at the Oscars.' 'And where are you sitting?' And he said, 'In the front row.' "(They) never, ever, ever thought that they would be sitting in the front row at the Academy Awards as nominees. That moment for me was the whole thing. It was mind-blowing. And still is." Jamie is the daughter of actors Janet Leigh and Tony Curtis and felt that her Oscars triumph was even more special as she had first-hand experience of the negative side of the industry. The Halloween actress said: "I was raised in show business, a business that is ageist, misogynist and pigeonholing. "I've watched the sad reality when show business no longer wants you. I watched it with my parents, who went from the height of their intense fame to nobody wanting them anymore." Jamie's latest movie is the body-swap sequel Freakier Friday with Lindsay Lohan and she credits her "constant curiosity" for allowing her acting career to flourish in her 60s. She said: "I am more alive today than I was when I was 37 years old. Or 47. Or 57. Way more alive." Jamie revealed recently that she isn't particularly picky about her career choices as she simply adores working in the movie industry. The True Lies star said: "I pretty much do the work that comes to me … I love my life. "I just love the fact that I get to be me, that I get to do what I do, that I get to do art and be a part of the art form that I get to be part of - entertainment. I love the combo platter of show business. I'm a marketing guru. I love marketing. And I just love the process of living a creating life. So I got no complaints."

'80s Icon, 66, Admits She 'Never' Thought She'd Win an Oscar
'80s Icon, 66, Admits She 'Never' Thought She'd Win an Oscar

Yahoo

time4 days ago

  • Entertainment
  • Yahoo

'80s Icon, 66, Admits She 'Never' Thought She'd Win an Oscar

'80s Icon, 66, Admits She 'Never' Thought She'd Win an Oscar originally appeared on Parade. Jamie Lee Curtis has been an acting icon for several decades, though she admitted she never thought that she would be nominated for an Oscar. While gracing the cover of AARP The Magazine, Curtis, 66, recalled sitting front row at the 95th Academy Awards in 2023 when she was nominated for an Oscar for Everything Everywhere All at Once. Not only did the movie earn her a nomination, but she also won the award in the Best Supporting Actress category. 'What you don't know about that experience was a bigger story,' she said. Once Curtis arrived to the awards she, she said she noticed that she and her co-stars were seated in the front row. 'As soon as Ke [Huy Quan] and Steph Hsu and Michelle Yeoh came and sat in the same row, I literally walked up to each one of them and I went, 'Ke, where are we?' And he said, 'We're at the Oscars.' 'And where are you sitting?' And he said, 'In the front row,'" she said. Parade Daily🎬 SIGN UP for Parade's Daily newsletter to get the latest pop culture news & celebrity interviews delivered right to your inbox 🎬 Curtis explained that she and her co-stars 'never, ever, ever, ever, ever thought that they would be sitting in the front row at the Academy Awards as nominees,." She continued, 'That moment for me was the whole thing. It was mind-blowing. And still is.' The Freaky Friday actress explained that her thought process came from being "raised in show business," which is "ageist, misogynist and pigeonholing." 'I've watched the sad reality when show business no longer wants you. I watched it with my parents [Janet Leigh and Tony Curtis], who went from the height of their intense fame to nobody wanting them anymore," she said, noting that she now views her 'constant curiosity' as her 'freedom.' 'I am more alive today than I was when I was 37 years old,' she added. 'Or 47. Or 57. Way more alive.' '80s Icon, 66, Admits She 'Never' Thought She'd Win an Oscar first appeared on Parade on Jul 23, 2025 This story was originally reported by Parade on Jul 23, 2025, where it first appeared.

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