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STI & S&P500 fall 2.2% and 5.2% since 9 Apr – Some stocks e.g. Capitaland Investment hit lows with favourable risk reward (21 Apr 24)
By Ernest Lim's investing blog  •  April 22, 2024
Dear all It has been a while since I last published a post on my blog. I have been extremely busy with clients, trades and appointments, especially with 1-1 meetings with C suite management of listed companies. Readers can refer to my Linkedin HERE to see my activities and which companies I have met on a 1-1 basis. Based on Table 1 below, since 9 Apr, STI has fallen 71 points or 2.2% from an intraday high of 3,248 to close 3,177 on 19 Apr. S&P500 has fallen 258 points or 5.2% in seven out of eight days to close 4,967 on 19 Apr. Source: InvestingNote Concerns over escalating tensions over Iran / Israel; reduction in the number of interest rate cuts and pushing back of the timing of the first rate cut; rising U.S. 10y bond yields; weakening U.S. markets, strengthening of US$, mixed economic data in China...
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By Ernest Lim's investing blog
I am an avid investor, trader cum remisier. I am a Chartered Financial Analyst® charterholder, as well as, a Chartered Accountant of Singapore. I have published articles on a wide range of topics on finance and investment, ranging from market / sector outlook, technical analysis and fundamental analysis etc.
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