STI euphoria continues amidst “Global” tensions? It is highly unusual for the STI to perform relatively better during such times when there are US-China tensions and vaccine shortages amongst other significant events happening around the world threatening trade and stability. That inevitably led us to think that the STI is in a state of euphoria for the time being. Perhaps STI’s resilience is resting on the fact that Singapore’s domestic market has began recovering as it is being supported by the overall positive outlook post pandemic as well as Budget 2021. Moving forward, we should continue to take note of non-bank sector stocks so that we can have a better idea of the state of recovery in the Singapore economy. STI – Updated Daily Chart The red shaded areas display gaps between STI and the S&P 500 index showing that there is an uneven recovery since the pandemic strike...