Date 25 Oct 24 (Fri) : My Observation this week

Observation (1)

Hot money seems come into Singapore to buy into undervalued GLCs...

• Sats surges up 7.2% today

• Singpost rebounded fro record low at 0.37, close 0.55

Observation (2) Property counters had pulled back...

• CapitaLandInvest (break $3, and trading below 2.9)

• Capland IntCom Trust (trading at previous private placement issued price at 2.04 apiece in Sep)

• CityDev (fail to form MACD golden crossover on 21Oct, and forming downtrend)

• Mapletree PanAsia Com Tr (drop almost 5% today; gap down)

• Mapletree Ind Tr & Log Tr (both pull back from peak for more than 30% this week)
  

The above probably suggest that the recent rise in US treasury yields, may result in FOMC interest rate cut decision may pause in Nov. And resume again probably in Dec.

 Observation (3)

The Earning Reporting Seasons Started... and US Market traders seem to await for the confirmation of who is the president before placing their bets.