The market has only been trading for about 3 days since we enter 2017 and it has been on a strong run upwards.
The STI for instance, has increased by about 70 points for the last 3 days and it looks like it will continue to surge higher upwards. They are still reasonably cheap by historical standards and it does looks like valuation will revert back to the mean even when gdp and earnings expectations for 2017 are not going to be fantastic.
It appears that 2017 will be a period of slow growth when various sectors are still uncertain about what are they trying to expect from the economy. In Singapore, growth is going to slow down over the next couple of years and it'll be interesting to see how the government is going to steer the monetary policy comes budget next month.
It feels to me a bit ...