The S&P 500 maintained its bullish run since 2011 for a total of 9 years and is on the verge of reaching new highs with an impending test of 3400. This in in stark contrast with the STI that had been in a choppy range since 2011. The STI also broke down from its 9 year range with the prospect of testing the Lehman lows of 2009 fanned by the wrath of the Covid Pandemic in Feb/20.
What does this mean you investors?
The S&P 500 had returned a net 10% for the past 10 decades and this illustrates and suggests a monthly savings plan placed in US equities would be a more profitable and progressive alternative then Singapore Equities.
Comments