Hey Folk
Maybe there is a chance for Spore stock market to be alive again. But is
always a double age sword. More hot money in mean retail investor are easier to
lose out.
So let see how things are rolled out.
Last week most important things FOMC
I quote from FOMC statement
“Information received since the Federal Open Market Committee met
in January suggests that economic activity has been expanding at a moderate
pace despite the global economic and financial developments of recent months.
Household spending has been increasing at a moderate rate, and the housing
sector has improved further; however, business fixed investment and net exports
have been soft. A range of recent indicators, including strong job gains,
points to additional strengthening of the labor market. Inflation picked up in
recent months; however, it continued to run below the Committee's 2 percent
longer-run objective, partly reflecting declines in energy prices and in prices
of non-energy imports. Market-based measures of inflation compensation remain
low; survey-based measures of longer-term inflation expectations are little
changed, on balance, in recent months.”
Who say there is recession???
Market continue to go higher.
See this very recent event. Singapore budget day
Find the full text in here http://www.singaporebudget.gov.sg/budget_2016/BudgetMeasures.aspx
Quote “The global economic outlook has softened since the start of the
year, alongside a fall in oil prices and increased volatility in global
financial markets. The advanced economies are expected to see continuing modest
but uneven recovery. US growth is expected to improve slightly compared to 2015
as domestic demand improves. The Eurozone is expected to pick up slightly due
to an improving unemployment situation and continued easing of monetary
conditions. However, uncertainty remains over whether China’s transition to a
more sustainable growth path may encounter short-term challenges.
The Singapore economy grew 2.0% in 2015, and is expected to continue
growing at a modest pace of 1-3% for 2016…..”
Direct copy and paste, see what our finance ministry have said.
I think the market still have some rooms to go up.
Cheer
