With appropriate examples, briefly explain how you would perform a top-down approach in your stock investment decision making. Choose only ONE of the following business sectors in your discussion: (i) Healthcare; (ii) Food and beverage; (iii) Energy and mining; (iv) Construction and materials; (v) Property development; (vi) Plantation (15 marks) The first sign that the stock market could end its recent bull run appeared in the second half of 2021 when prices of household goods, gasoline and much more began to rise, sparked by supply chain disruptions stemming from the pandemic. Prices for used cars skyrocketed amid a global computer chip shortage. As Covid-19 vaccination rates improved, businesses trying to reopen had to raise wages to attract and retain employees. Consumer prices climbed 5.7 percent in November from a year earlier - the fastest pace since 1982 . But even when "inflation" had become a buzzword worthy of a headline in The Onion, the stock market appeared slow to react to price increases. "The market is on the side that inflation is transitory," said Harry Mamaysky, a professor at Columbia Business School. "If it's not and the Fed needs to go in and raise interest rates to tame inflation, then things could get a lot worse in terms of markets and economic growth." And that is what the Fed has signaled it will do in 2022. Source: https://www.nytimes.com/2021/12/31/business/stock- market-2022.html The above excerpt is obtained from an article appeared in The New York Times dated 31 Dec 2021. In your opinion, how might the highlighted issue in this article affect your decision making above