Dear readers, welcome back to SG Stocks Investing. It is a brand new week, a brand new work week for everyone, whether working from home or from office. I have had a good short break from my overwhelming work last weekends, what about yourself?
Today is not just the start of a brand new week. It is the first of March 2021, the start of a fresh new month, the start of the last month of the first quarter of Year 2021. Year-to-date, we have noted how Singapore stocks, as measured by the Straits Times Index opened with such a good momentum to defy gravity and headed up past the 3,000 level, only to have gone down to more modest levels in the previous weeks. The Straits Times Index (STI) closed at 2,949.04 on 26 Feb 2021. If we take reference from the STI level of 2,843.81 on 31 Dec 20, Singapore stocks are up by about 3.7% year-to-date.
The volatilities which we have noted from the US and China stock markets in recent weeks are here to stay as volatilities have simply not receded. My thinking is that global stock markets should be experiencing a more significant correction in 1st quarter of Year 2021 just like 2020. It is not a matter of guess work. It is about reality catching up with the seemingly overpriced stocks markets. Remember, have your investment war chest ready.
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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