Dear readers, US stocks markets sank yesterday! Let us take a look at what happened!
Dow Jones was down 2.09%
S&P 500 was down 1.59%
NASDAQ Composite was down 1.06%
What is noteworthy was that the -2.09% performance of Dow Jones was the worst since December 2020!
And the reasons behind the plunge of the three US indices? The fears by investors of a slowing global economy due to the resurgence of Covid-19 cases. And these fears are real especially when we feel it here locally, Singapore registered its highest Covid-19 local community cases of 163 yesterday. The local Straits Times Index also shed 1.30% yesterday.
Again, I am not surprised at the bearish turns of the stocks markets since I have been sharing with readers my view that over the past year or so, the Covid-19 realities have not been catching up with the stocks markets. The stocks markets have been running north, oblivious of the developments of the Covid-19 pandemic.
So, investors, continue to build up your investment warchest. The stocks markets which has not crashed since year 2009 will have to crash one day. It is only the law of nature that nothing can go up and up all the time. Become King when many others are fleeing 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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