Year of the Dragon 2024 is the 30th year that CLSA has released a forecast report that is quite close to the market. According to CLSA, dragons are always mysterious creatures, so decoding the stock market in the year of the Dragon is like decoding the dragon’s path, extremely difficult to grasp.
Stock feng shui for the year of the Dragon 2024: Stocks in the Fire and Earth sectors rise to the throne
As usual, at the beginning of the year, CLSA Financial Group (Credit Lyonnais Securities Asia) headquartered in Hong Kong will release the FSI Report (CLSA Feng Shui Index) to forecast the stock market based on feng shui.
Year of the Dragon 2024 is the 30th year that CLSA has released a forecast report that is quite close to the market. This is considered one of the most prestigious reports currently in the field of feng shui application to stocks in Hong Kong in particular and in the world in general.
The market is gloomy at the beginning of the year, then will gradually increase by the end of 2024. Source: CLSA
According to CLSA, Dragons are creatures that have always captured the imagination of many people throughout history. In Western culture, they are often portrayed as villains (monsters). On the contrary, in Asia, dragons are symbols of divine power, luck and prosperity. The image of a flying dragon brings excitement, happiness and adventure. Trying to decipher the dragon’s path is like looking through the eye of a needle once a month to divine its elusive movements. Prepare yourself for an enchanting journey where the capricious nature of dragons will set the stage for a risky yet surprising adventure for the stock.
Equities are forecast to stay within the general market weakness in the first half of the year, with the potential to rise into positive territory by mid-summer or even later and gradually stabilize later in the year. The New Year Giap Thin belongs to the Fire element (Phu Dang Hoa). According to the theory of the five elements and eight characters, the Fire element is predicted to have many favorable conditions almost throughout the year, best in the months of February, March, December 2024 and January 2025. Related fields include technology, medicine – pharmaceuticals, chemicals…
Meanwhile, industries related to the Earth element are also forecast to grow this year: Real estate and construction industries are expected to stabilize, while livestock farming and valuation may make a breakthrough.
Fields related to the Wood element are also expected to see exciting developments: health care, textiles and art.
Finally, the Water sector is forecast to perform the worst among the five elements this year. Related businesses are expected to remain busy, but profits are likely to shrink. Related fields are transportation, tourism, and trade…
Regarding stock market trends, CLSA expects the FSI index to adjust in the first months of this year, recover from April, remain stable until August and continue to grow in the following months to reach new high is working.
Stock market feng shui by month
Stock feng shui by month. Source: CLSA
February 4 – March 4: Moc Dan
The market is likened to a dragon lying listlessly, occasionally opening one eye and then closing it again. This is also the market situation predicted at the beginning of the year: Less exciting.
March 5 – April 4: Wood Cat
The market at this time is forecast to be like a dragon staggering out of its cave. Unable to detect the instructions left by the rabbit of the previous year, it rushed down the hill, carrying with it a lot of dust and stones. After a tiring fall, it found a place by a small stream on the plain and took a nap. The market temporarily stabilized after plunging.
April 5 – May 4: Tho Thin
The dragon’s eyes opened momentarily, only to close again. As the days passed, the market almost rested in indifference.
May 5 – June 5: Fire Snake
Aware of the danger that awaited a sleeping dragon on the plain, it began to lumber back toward the hillside, and by the end of the month, it had found the place where it had rested since the beginning of spring. The market is now forecast to return to the level at the beginning of the year.
June 6 – July 6: Fire Horse
In the month of Fire Horse, the dragon once again slid back down towards the plain. The market during this time is forecast to have another decline.
July 7 – August 6: Tho Mui
The market completely reversed compared to the previous state, the dragon’s movements at this time were very difficult to predict. However during this time, the dragon’s movements were in an active state. Sublimation market.
August 7 – September 6: Metal Monkey
Twice the improvement from last month, the dragon finally took advantage of solar and wind energy to begin to fly. For the first time this year, the market set a new peak.
September 7 – October 7: Kim Dau
Taking the time to bow to the audience’s compliments, the dragon rushed off the stage and fell a short distance before trying to stop. Undeterred, it immediately began to fly and began a new performance.
October 8 – November 6: Tho Tuat
The market ended this month higher than the year’s starting point, but this continued to be a month of price slide. Again distracted by other tasks, the dragon slowly stepped down and took the market around aimlessly.
November 7 – December 6: Water Pig
Almost out of the blue, the most wonderful month of the year comes naturally. The coolness ignited the dragon’s heart and it created something greater than anything that had ever happened. This is the market’s most flourishing trading month.
December 7 – January 4: Thuy Ti
Not unexpectedly, the market is expected to have a slight slide this month. Perhaps the sparkling light from some fake gems on the side of the mountain fascinated the dragon, causing it to slide gently down once again.
January 5 – February 3: Earth Ox
Although by now quite accustomed to the rollercoaster rides the dragon has provided, the unheralded rise still surprised investors. In the last month of the year, the market will have a final flourish before closing the curtain on another drama in the new year.