US debt ceiling matter is resolved and this resolution is within the expectations of the markets in my opinion. We just need to observe that the local stock markets did not head too much to the south before the debt ceiling timeline. With the impasse in the US debt ceiling over, I believe Singapore stocks should benefit though the benefits from the success in the debt ceiling matter may not spill over evenly among stocks. Investors may shift their interest from stocks in the third-tier category of stocks to blue-chip stocks as a result of renewed confidence in the economy due to the US solving its debt ceiling matters. With this debt ceiling matter behind us, I believe investors will now train their focus on the Quantitative Easing moves by the Federal Reserves as well as the debt matters of the Europe.
As usual, my thoughts are that we are ......
