In several of my previous posts, I have already shared with readers that the Singapore stocks will be heading south even before what we are seeing from the stocks markets today. I have inferred from the technical chart of the Straits Times Index ETF that the downward pressure on Singapore stocks is coming and I have been proven right.
To make matters even more complicated, the Federal Reserves has signalled a reduction in interest rates that could be once-off rather than the start of a series of interest rates cuts. This, in my opinion will keep stocks markets and investors confused.
Furthermore, yesterday, Donald Trump announced new tariffs on Chinese goods and which China has responded that it might adopt similar measures against US goods. And not forgetting, trade rows starting between Japan and South Korea.
Against what the technical indicators have proven, the macro vagaries of the stocks markets have affirmed, I believe the direction of the stocks markets in the near term will be south.
Investors will be wise to steer away from investing right now.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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