Typhoon in May and stay away
The traditional wisdom of “Sell in May and go away” seemed to come a month earlier as global stock markets continued to be hard hit by worries of inflation and the impact of China lockdowns.
While stocks are unpredictable, weather is even more unpredictable. We shall find out on the upcoming Labour Day.
Ahead of the traditional typhoon season from June to October, a cyclone is on its way to hit Hong Kong on 1 May, according to Hong Kong Observatory.
In its words, the Observatory forecasts that a northeast monsoon will reach the Guangdong coast early next week, while a tropical cyclone is likely to develop in the central to southern South China Sea towards the end of the week, with variability in its path and intensity.
As such, the cyclone could pass over 800 miles outside Hong Kong. Heavy raining could come on Monday, the public holiday following the Labour Day. How unexciting!
But the bad weather before the storm could come on Friday when the temperature is predicted to go up to 33 degrees, with some districts such as Sheung Shui possibly hitting 36 degrees.
The Observatory would have to issue a hot weather warning this Friday. If this happens, it will break the record in 2018 to issue the earliest hot weather warning of all time.
Of course we all experience the summer weather already in the past two days with temperature exceeding 30 degrees most of the day. It makes you wonder why the beach and pools are still closed.
In another record, the Observatory told us there is only three millimetres of rainfall in April, the driest April since 1994 when it first took record.
With six to eight typhoons to come this year, it reminds us that we should get prepared for the monsoon and rainy season.
It’s a rather safe statement that we heard from financial regulators that we should prepare for bull markets as well as bear markets.
We should take care of our health as well as financial health as both weather and the equity markets are not looking good.
But of course the sun always comes back again after the storm.
-- Contact us at [email protected]
-
How HK increases competitiveness on path towards normalcy Dr. Winnie Tang
Hong Kong is gradually on road to normalcy from the Covid-19 pandemic but it is difficult for the economy to regain momentum. At a time when people are uncertain about the prospects, the opinion of
-
Counsel of choice Neville Sarony
One critically important element in Hong Kong’s Basic Law is expressed in Article 12 (1) ‘that any person under investigation for the commission of an offence shall have the right to…have competent
-
How much will Hong Kong property rebound this year? Ben Kwok
Call it the little blossoming spring, as the local saying goes. From Sun Hung Kai Properties to its rivals to agents such as Centaline, all honchos would say the property market would go up between
-
Is 2023 a year of expensive travel? Ben Kwok
How much are you willing to pay for your first trip in three years? Well, depending on who and when, it could be quite costly for Hong Kong travellers. Travellers who want to go outside Hong Kong
-
Environmental performance of old buildings needs to be improved Dr. Winnie Tang
At least 500 new buildings are constructed in Hong Kong every year which generates substantial carbon emissions. The construction industry must urgently look for more environmentally friendly
