ICAP appears to be holding only 14.54% in cash. It seems he is bullish on the Malaysian stock market. But he is not optimistic about the U.S. stock market. And now the U.S. stock market is at a high record. If the US stock market falls, won’t Malaysia fall? This is a bit similar to what happened in 2008, when ICAP was only 15.58% cash left that time. Then he believed that because China is here, even if the U.S. stock market crashed, Malaysia and other countries in the world will not have problems. And we know the final result, he failed. This time is a bit similar to last time

What if FED cut rate again on November?