Recovery on track but endemic spread continues to raise uncertainties As the daily cases exceed 3000 per day, Singapore continues to experience an ever-increasing strain on our healthcare system. That said, from the citizen’s point of view (non-healthcare related), we are still remaining largely optimistic since there is already 98% of the population who will unlikely die from the illness even if they are infected. Moving forward, we will still see a large number of new daily cases and potentially higher numbers of deaths as well. As for the Singapore market, I think there is temporary stability for now as the US debt ceiling has been suspended and China’s Evergrande issue has been somewhat muted for the time being. Additionally, more countries are added to the Vaccinated Travel Lanes (VTLs) in the coming weeks, hence boosting both tourism and travel-related industries. STI – Updated Daily Chart Singapore’s gap ups on the daily...