[BREAKING NEWS!] DOW SINKS BELOW 23,000: FIRST TIME SINCE OCT 2017!

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Singapore Stocks
Dear readers, overnight while many of us were asleep; the US stocks markets went south once again such that:

a) the Dow closed below 23,000 for the first time since Oct 2017; and
b) oil prices were in free fall, ending below $46 a barrel for the firs time since Aug 2017

I feel that the last straw for the stocks markets was the Federal Reserve interest rate hike decision announced yesterday but the effect from Federal Reserves’ decision is likely to have a sustained effect on the stocks markets for some time.

I am not surprised at the recent development of the global equity stocks markets, which are mainly shaped by the US, China and Europe stocks markets. I have shared in Singapore Stocks Investing blog here much earlier how the Singapore Stocks markets are poised to go even lower with the technical confirmation which was shared in this earlier post here .

And not to mention, despite the widespread use of “correction” for the Singapore stocks markets, the actual fact is that Singapore Stocks Markets have not gone into a technically bearish market. The technical point of entry into the bear market will be 2,880 for the STI: which I believe will be a point that could be reached by the Singapore stocks markets if the current bearish factors at play here on the macro level persist.

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