Dear readers, the US stocks markets fared very poorly on 24 February 2020 on fears of the Covid-19 episode. How poorly did the US stocks markets fare? Well, to recall:
Dow Jones went 3.56% south
S&P went 3.35% south
Nasdaq Composite went 3.71% south
This kind of performance has not really been seen for quite a while. The trade wars and Covid-19 episode would likely introduce more elements of risk into an already unpredictable stocks market. I have a short-term target for the Singapore Straits Times Index to head 2,800 first. At this current moment, I would advise investors to continue building up your war chest to invest at the opportune times when cash is King.
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