Dear readers, two days ago (13 Oct 2020), I shared on this blog that the Singapore Straits Times Index, widely recognized as the barometer of Singapore stocks performance is due to correct soon. This is by virtue of the fact that the Straits Times Index is now overbought and is hence poised to head south.
Yesterday, the Straits Times Index (STI) did indeed start to show sign of correction. The STI headed south by 0.47%.
Against the macro backdrop of bearish global economy and Covid-19, investors seem to be banking on development of a Covid-19 vaccine to feel a sense of bullishness and purpose to stay invested in stocks. But what I can say is that with the upcoming US elections, be prepared for more volatilities in the stock markets.
The best thing investors should do right now is to prepare for the next stocks markets financial meltdown. I know many investors will ask whether a financial markets meltdown is even possible with stocks markets seeming to go up. Well, it is exactly when everyone is not prepared for the stocks markets meltdown that the financial meltdown will be effected.
And when that happens, only those investors who are prepared are going to be rewarded. As they become the next Kings of the stocks markets.
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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