Dear readers, yesterday it was reported that Singapore’s non-oil exports shrink 12.3% in October 2019 which was worse than expected. In fact, Singapore non-oil domestic exports has been negative for a consecutive span of eight months. The reports of interviews with economists about the lacklustre performance of Singapore’s non-oil exports had been mixed, with some expressing caution on Singapore’s economic numbers ahead. Others highlighted that forward numbers might be better if the US-China trade tensions were to ease.
I would think that the non-oil exports numbers were indeed non-rosy and that investors have to be prepared in the eventuality that what we are seeing is just the “tip of the iceberg” of Singapore’s economy not doing well. Be prepared by having a “war chest” which one could use on to pick up good stocks markets opportunities.
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