Dear readers, yesterday, the Singapore’s benchmark stock indicator, Straits Times Index (STI) declined by a noteworthy 1.04% to close the trading day at 3,184.76. Yesterday was also the first day of May where investors traditionally “Sell in May and Go Away”. So judging by yesterday’s performance of the STI, have investors started to sell in May and Go away?
Investors have been driving stock prices higher despite the Covid-19 epidemic but investors should know that the fight against Covid-19 is likely to take several years before the fight can be won. And during the fight against Covid-19, there will be ups and down. Like how the bearish performance of Singapore’s stocks yesterday is likely to be linked to the recent rise in Singapore’s community Covid-19 cases as well as the more significant Covid-19 situation in India.
I have already stepped aside from the stocks markets for some time already, looking to invest only when the entry point to certain stocks is very attractive. In parallel, I have been building my investment warchest to take opportunities in the stock markets which could come anytime when investors least expect them.
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