Interest rate hike expectations: The Fed's rate hike will peak in February-May 2023

The market is already expecting the Federal Reserve's interest rate hike to peak in February-May 2023, which is half a year earlier than the previous judgment.

February 2023

Expectations for March 2023

Expectations for May 2023

Is now the time to buy DBS?
A friend asked, is now the time to go back to the bottom of DBS? This is a question worth hundreds of millions, and if I get it right every time, I wouldn't just write an article here. In fact, how to view the timing of the market is one of the important differences between investment rookies and veterans. Most of them are investment rookies who always want to get to the bottom. Historically, countless people have used countless amounts of money or even their lives to do experiments, and the probability of success if they want to get away from the bottom to make a lot of money and succeed is very, very low.

Simply put, recent bank stocks have had some advantages. For example, all banks in the US passed the Federal Reserve's stress test last Thursday, so they can also reduce their reserves and release more capital. This advantage for the US banking industry will also have an emotional boost to the Singaporean banking industry.

On the other hand, we can also take a look at how some “smart money” and large funds flow. Open the Singapore Exchange link, as shown in the figure below, and download the institutional retail fund flow report.