CLSA Feng Shui Index 2013 – Year of the Black Water S-s-snake
Will the Hang S-s-seng Index race up the ’adder or is it a s-s-s’pent force?
6 February 2013
Hong Kong - Wednesday, 6 February 2013 - CLSA Asia-Pacific Markets (“CLSA”), Asia’s leading independent brokerage and investment group, today launched its 19th annual CLSA Feng Shui Index (“CLSA FSI”) – a tongue-in-cheek look at what the celestial signs suggest is in store for the Hang Seng Index, key sectors and markets, world leaders and celebrities, and each of the 12 Chinese zodiac signs during this Year of the Black Water Snake.
“The past is a foreign country,” it is said, “they do things differently there”. We can only hope so because the past five Snake years – back to the Water Snake of 1953 – are not encouraging. In only one year did markets end the year convincingly above their opening and the size of the drops of the most recent three has been growing ever worse. As befits “skin-shedders”, Snake years are marked by major transformation and change – and sometimes great upheaval: Pearl Harbour (1941), Twin Towers (2001), Tiananmen (1989), Fall of the Wall (1989), Great Depression (1929), recessions (1953, 2001), revolutions (1917, 1989), and major conflicts (1941, 1965).
However, there are signs that this year’s beast will be better behaved: All five of the basic elements or energies are present in the fortune charts (including the market-driver Fire!); and the annual Flying Star energies all return to their “home” sectors for the first time in nine years.
Once again, this year’s CLSA FSI features a month-by-month guide to the Hang Seng Index; forecasts for key sectors and markets; predictions for each of the 12 Chinese zodiac signs; our popular feng shui property guide for Hong Kong; the fates of some famous faces – from Michael Bloomberg in the US to Hong Kong’s Ricky Wong, Myanmar’s leading Lady, Hong Kong Chief Executive CY Leung, will-o’-the-wisp Tony Chan, Singapore and many more.
Among the new features of this year’s CLSA FSI are: a global all-singing, all-dancing qi-to-qi comparison map; and a stronger focus on the Hang Seng Index (we even cast its fortune chart).
The CLSA FSI forecasts a better 1H, with a quite contrarian resources-led rally gaining momentum over May-July. That comes to a sudden end about August, as the crucial Fire element all but dies away, Earth falls, Metal overshoots and Water puts a damper on prospects. The 2H looks to be more volatile, with big swings in both directions, including a decent rise in the final month taking the HSI back above where it started.
In terms of sectors, we expect the best performances from those traditionally associated with Metal (the likes of broking and financials) and also Water (such as gaming and logistics).
Among the zodiac signs, Roosters, Cows and Dogs look set to be this year’s “grinners”, whereas Pigs, Tigers, Sheep and Snakes may need all the pluck they can muster.
And of course, our CLSA Feng Shui Index is offered with our tongues firmly in our cheeks.
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About the CLSA Feng Shui Index
The CLSA Feng Shui Index began life as a Chinese New Year card for our clients in 1992, with a simple summary of forecasts by a group of feng shui masters and a few views of our own. To flesh it out, we also predicted the performance of the Hang Seng Index based on the omens. No one paid much attention to the contrarian chart, but by year’s end it had correctly called all seven of the Hang Seng’s major turns. Now renowned by investors globally, the CLSA Feng Shui Index took a break during the bull run from 2005 to 2008. Much missed, it was revived in 2009. This year marks our 19th edition.
Copy of the CLSA Feng Shui Index is available for downloading on the CLSA website www.clsa.com.