CLSA Warns of Dog Days Ahead
Hong Kong broker CLSA published its annual Feng Shui astrological predictions for the 2018 lunar year, as global markets tanked.
The annual tongue-in-cheek look at the stock market based on the principles of feng shui has been produced every year since 1992 by CLSA. The Hong Kong broker publishes the index for amusement, but it grabbed attention on its debut in 1992 after correctly forecasting seven moves in the Hang Seng Index that year.
According to this year's index, those born under the zodiac signs for the dog, rabbit and monkey will have a lucky year, but roosters, goats and dragons might have a more challenging time.
The coming year is the year of the earth dog, which represents duty, loyalty, defense and protection. CLSA suggests this means investors should prudent, not aggressive, when making their investment decisions. Precious metals, banking and financials are also said to be in for a rough year.
