Dear readers, Singapore Straits Times Index (STI) was down 0.84% yesterday amidst concerns that the US Federal Reserves would increase rate hikes to contain inflation earlier than expected.
I was not at all surprised by the development since as what I have shared on 17 Jun 21, the macro factor that investors would have to focus on is inflation for the US rather than the more domestic affair of Singapore’s economy re-opening in light of Covid-19.
I suggest investors who have been building up their investment war chest to continue doing so for when the next global financial corrections come, we want to be Kings by holding cash.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! I also run another blog Singapore Stocks Investing with similar useful insights! 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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