$OCBC Bank(O39.SG$ If the fed cut rates in Sept, that means the economy is going into recession. It is a double whammy for banks as the NIM will take a hit and recession will further affect the loans. Not worth the risk.
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$OCBC Bank(O39.SG$ look at the historical, stock always comes down when fed starts to cut rates. why? coz fed look at real time data. when real time data shows the economy is cooling, then they react, by that time it's too late..defaults, consumer spending will continue to come crashing down. I don't think Powell is a genius compared to the so many past US fed.
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$Singtel(Z74.SG$ Singtel PE at 61, Tesla at 56. Which would you buy? I think the answer is obvious. Singtel is not cheap at this price.
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$OCBC Bank(O39.SG$ It's fed will cut rates by Sep narrative by wall street. They have been saying that since the start of the year. I think fed will keep rates steady as long as the growth is steady. Powell would not be risking devaluating the dollar with rate cut. That would swing the inflation back up.
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$Keppel(BN4.SG$ BB controlling everything, looks like index stock buying. don't ask just ride the wave.
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$CityDev(C09.SG$ who are sellers at this price point? shortist and those who has lost hope
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$Singtel(Z74.SG$ resistance at 2.92, pre covid level. let's see. I'm still confused what is driving the price, valuations or AI
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101778471 OP Michael Fong : fed cut because economy gets worse. it's not causation. open your eyes and read