After a hectic week of non-stop 5 consecutive nights of conference calls with my US and European colleagues, I finally found some respite now to contribute my thoughts to our blog. In between, 8 new readers have subscribed to our blog and I thank you for your support.
In the last one week, our STI index has recovered 2.5% quietly and steadily from the fallout of the property cooling measures shock last Friday. The major markets around the world have also rode through the initial salvo from the potential “trade war” and gained back some grounds. The star has to be Nsadaq which hit a new high yesterday.
It felt like it was a “sell on worries and buy on realities” sentiment. That reminds me of what my psychologist once coached me, things don’t normally turn out as bad as you worry and at the same time, they are often not