STI is ready for another “expected” reaction
In the past week, STI managed to stay airborne despite the turmoil in the global markets. Apart from the aviation and tourism industry which might be recovering in the second half of 2021 when recreational travel resume, other sectors like retail and real estate continues to stay weak. While STI is understandably excluded due its reliance on the finance industry, I certainly feel that this stability might be fleeting. With the 1.9 trillion US bill supplying investors with a new load of confidence in the US market, I can’t help but wonder if it will tilt the games back 2 weeks ago. In this week’s post, I will be pointing out some signals which might caution investors in the near term. Of course, these signals are far from conclusive and as usual can only be confirmed in retrospect....