Dear readers, US stocks closed decidedly lower yesterday after Donald Trump ends Covid-19 budget stimulus relief talks.
The Dow Jones ended 1.34% lower.
The S&P 500 ended 1.40% lower.
The NASDAQ Composite ended 1.57% lower.
Here, Singapore Stocks closed today a little bit higher with the Straits Times Index edging higher 0.36% to close at 2,538.36.
While many investors are fretting at the turn of the event, I would think that it is good that stimulus talks have halted.
For the stocks markets have been running and supported by an influx of monies for so long.
Quantitative Easing, Stimulus.
It is time that these monetary support ends and let the market forces decide for themselves.
Rather than having stocks markets staying afloat, artificially by all these stimulus and relief, attracting investors to come in, buoyed by the perception of bullishness.
Only to be caught unprepared when the next stocks markets financial meltdown comes!
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