Dear readers, how time flies! We come to the last day of the first month for Year 2021. Let us recap the stock highlights for the previous trading week ended 31 Jan 2021.
In the previous week, we have seen how the Singapore Straits Times Index have given up most of the year-to-date gains achieved. The STI started the year at 2,858 on 4 Jan 2021 went to a high of 3,017 on 21 Jan 2021 and thereafter headed south till the 2,902.52 as of the close on 29 Jan 2021. Much of the decline has been attributed to the US’ Federal Reserves moderating expectations and there are just as many other factors. Not only were Singapore stocks affected, other regional and international stocks were affected too.
I would think that 2021 stock markets performance will be more roller-coaster like than 2020 because I sense that after a more than a decade performance of stock markets not correcting, fear and uncertainty among investors have accumulated even more to a near climax. This will lead to the self-fulfilling prophecy at one point of time and stock markets will therefore crash!
It is just a matter of time before the stock markets correct! Build up your investment warchest for deployment at any time!
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!
BINGE READ ALL POSTS!
Visit Home Page for more reads or Connect here!