Rate cuts seem to be pretty likely, supported by factors such as the trade war and pressure from Trump which could lead to a boosting of the economy. However, a slowdown in the global economy seems likely as I think stocks now are generally overvalued.
Had a look at the STI stock list too and it seems that most stocks now are hovering pretty high above their 52-week lows with exceptions which are highlighted below.
Generally, I will be looking to the market to drop further for Singapore as I think some stocks are really too expensive (double digit % difference from their lows) and I think there are more buying opportunities in Hong Kong which I mentioned in my previous post.
Trade safe everybody.
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