Dear readers, a Good Morning to you and Thank You once again for tuning in to SG Stocks Investing, your daily source of Singapore and Global (SG), Sustainable and Growth stocks investing information. Today, yes we are talking about the breaking down of the Singapore Straits Times Index (STI) below the 2,500 level and what implications it means to investors.
Yes, yesterday, the Straits Times Index (STI) broke below the 2,500 support level to 2,483.48, down 1.17% for the trading day yesterday. This was a significant move as the STI has been hovering around 2,500 for some time and yesterday was a decisive turn south of this support level.
As a recap, three factors shaping the stocks markets right away and they are:
1) US Presidential Election
2) Covid-19
3) Vaccine to Covid-19
Expect more volatilities to come to the stocks markets in the lead up to the US Presidential Election, on the back of Covid-19 and as the world is still racing to come up with a vaccine to Covid-19.
Just look at the US stocks markets performance last night, it is not surprising that the downside to the Singapore stocks markets will continue for a while!
For me I am not surprised at the development of the stocks markets as I have been preparing for some years down the road. Regular readers will know what I mean and I know some of you are already joining me.
Yes, saving monies now to build up an investment warchest which can be deployed when stocks markets correct and be rewarded when stocks markets go back next!
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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