Dear readers, yesterday, US stocks markets retreated significantly. Let us take a look at the performance of the three US stock indices yesterday.
Dow Jones Index: -3.94%
S&P 500: -4.32%
NASDAQ Composite: -5.16%
Averaging the performance of these three US stock indices, the US stock markets were down by an average of 4.47%. The reason for the performance of the US stock markets was due to a lower-than-expected deceleration of US inflation.
And of course, when the Singapore stocks markets opened today, the Singapore benchmark Straits Times Index (STI) was down more than 1%, in line with the performance of regional stock markets.
As I have shared in an earlier post, I believe this year will continue to be volatile for stock markets. Hence investors should expect a bumpy ride and take a long-term view when investing in equities this year.
Investors should also go along with the flow of the money right now into the fixed deposits and savings accounts where the interest rates are high.
Park some monies there and enjoy the good rates and return to pick up good stocks at good prices when stock markets have corrected.
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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