2020 2Q GDP

BNM announced on Friday the GDP in the second quarter shrank by 17.1% year-on-year, which was worse than market expectations and the worst single-quarter performance in history. The median forecasts of the "Reuters" and "Bloomberg" surveys are 10% and 10.1%, respectively. Faced with the Asian financial turmoil in 1998, GDP fell only 11.2% at the final quarter. Bank Negara cut its annual GDP forecast to a contraction of 3.5% to 5.5%. The economy is expected to rebound by 5.5% to 8% next year.

国家银行周五公布，我国次季国内生产总值（GDP）按年萎缩17.1%，比市场预期来得差，是有史以来最差单季表现。《路透社》和《彭博社》调查的预测中值分别为10%和10.1%。1998年面对亚洲金融风暴，当年末季GDP只跌11.2%。国行将全年GDP预测下砍至萎缩3.5%至5.5%。明年经济有望反弹5.5%至8%。

Buffett Indicator

Buffett Indicator measure the total market cap of all stocks relative to the country’s GDP. When it’s in the 70% to 80% range, it’s time to throw cash at the market. When it moves above 100%, it’s time to lean toward risk-off.

巴菲特指标衡量所有股票的总市值相对于该国GDP。 当价格在70％到80％的范围内时，就该向市场投放现金了。 当价格升至100％以上时，就该倾向减低风险。

2020第一季度的收益数据

从第一季度的收益数据推测，和鉴于第二季度经济活动的停止。本月即将发布的《 2020年第二季度》收益数据将是前所未有的糟糕。