Singapore stocks STI closed 0.50% higher today, after a good jobs report coming from US last Friday. Despite the US stocks charting over 1.2% last Friday, the gain in STI today is quite modest. As I have shared with readers, there is the “tapering off” effect (the possible scaling back of Quantitative Easing should the US economy becomes stronger) to consider about, hence I am not surprised at all of today’s 0.50% modest gain in STI. While the STI could possibly head North, there is really the possibility of a market reaction once the US scales down Quantitative Easing, hence for the time being, I will not be entering into many trades. As an analyst has said in a report which I have read, the weaning off of the US Economy from the Quantitative Easing is like a “Cold Turkey” treatment for a smoker in which the ......
