Dear readers, yesterday, the US stocks markets had notable moves with the Dow Jones, S&P 500 and NASDAQ Composite moving south respectively by 2.29%, 1.86% and 1.64%. This is not surprising to me given that US stocks markets are likely to continue to become volatile ahead of the upcoming US General Election.
And since Singapore’s stock market SGX is in general a price taker, we can expect the Singapore stocks markets here to follow suit, to be generally trending south or consolidating at the support level which I have been sharing with all of you: the 2,500 support level.
The are just three things that investors are looking out for right now:
1) US Presidential Election
2) Covid-19
3) Vaccine to Covid-19
But investors should note that before the above things came into place, the general market backdrop is already not doing that well. And I always think that the next stocks markets correction already more than a decade in waiting should be happening rather soon.
It is like gravity, what’s come up must come down. It is only healthy for stocks and a good opportunity for investors when the next stocks markets meltdown comes!
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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