Market Review and Trends
STI Outlook – As of 28th May 2022
By Loopholes Singapore  •  May 28, 2022
Global recession coming soon? There are reasons to believe that a recession might be on the way. Firstly, the inflation issue is really affecting the most basic food items like oil, sugar and poultry. Secondly, global investors appetite is still low because of geopolitical instability. The only doubt right now is to determine how long the war will persist or when would it abruptly end. for now, I would be keeping my head low for counters that have not been moving a lot in the past 2 months. Also, it might be a good time to consolidate your assets again and see how you can further optimise your holdings during this period of uncertainty.

STI – Updated Daily Chart

STI is still unable to break out of the resistance line on the daily chart and as far as moving averages are concerned, the STI is still floating above the 200 days MA but has some way to climb before it...
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By Loopholes Singapore

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