$DBS (D05.SG)$$UOB (U11.SG)$$OCBC Bank (O39.SG)$ if recessio...
$DBS (D05.SG)$ $UOB (U11.SG)$ $OCBC Bank (O39.SG)$ if recession hit, people are gonna incurred more loan and missed the credit card payment at the start of the cycle.
this probably covers the fed rate cut that reduced interest revenue.
thats why visa master card are very resilient this time round of market correction
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104432476 : Is this the reason why counter is green today?
Meikayuri OP : i am not sure, nowadays the market is illogical, a few stock that drops despite making money, like nvidia n etc, but i am incline to believe the market had to move on to something more stable comparing to tech stock