“Singapore will not dip into reserves for Covid 19 in 2021” This quote taken from Minister Lawrence Wong seems fairly conclusive, essentially, we can assume that there will be no circuit breaker imposed in Singapore for the rest of the year. Basically, we can still expect partial closures around the island when several clusters are spotted in the same area. On the other hand, some might ask, “to what end?” Well Singapore might have exhausted all practical moves in combating the virus. Reserves are tapped and our nation has went through a devastating hit by the circuit breaker in 2020, and on top of that, we have also rolled out free vaccination for all long term residents in Singapore. Therefore we might be moving towards the declaration of an endemic somewhere in 2021 or 2022. So how might this affect investors? Well, for those of us who are still trapped...