Dear readers, welcome to a brand new week!
I believe investors would have known that last week was a significant week for the stock markets. Many stock markets, including Singapore’s and led by the US stock markets headed south by a noteworthy margin.
The Singapore stocks markets, as measured by the Straits Times Index is now oversold. Well, this is not the one thing that has just happened to the Singapore stock markets.
The one thing that has just happened to the Singapore stocks markets is this: the Singapore stocks markets as measured by the Straits Times Index has finally given up its gains made in year 2022 to-date and closed last Friday 17 Jun 2022, worse than it has started the year: the STI is now -0.8% for year 2022-to-date.
That’s said, the Singapore stocks markets is still one of the better stock markets in the world right now in term of performance. However, I believe likely the Singapore stocks markets will trend further down on the face of the volatilities facing stock markets right now.