What really happened?
Alright, so this week, I was, uh, flipping through the Weekly Market Review, which, by the way, is in cahoots with the Securities Investors Association Singapore (SIAS). Seriously, why did that partnership even catch my eye? No clue. Anyway, they’re all chatting about global equity markets, and there’s something about Keppel DC REIT and Digital Core REIT tossed in too. Oh, and there’s a video. Watch it if you want — or don’t. It’s your call.
Weekly Market Chaos
1:55 – Macro Update
So, imagine this. The S&P 500? It just leaped up 3.4%. And wait, the NASDAQ? Even crazier, it’s up by 4.2%. They’re at some new all-time highs, like Nvidia is leading the parade. Why the sudden burst of joy? Dunno, maybe it’s because folks think the Middle East tensions are chilling a bit, some trade deals are on the horizon, and inflation’s finally taking a breather.
And get this: everyone’s now betting on the Fed cutting rates three times this year. Yeah, not two like before, but three — September, October, December. As if two weren’t enough, right? U.S. bond yields are just… falling. The 10-year one slid to 4.25%. And the 1-year? Below 4%. Oh, Singapore’s 10-year yield isn’t staying quiet either.
All this is making REITs look pretty good. SGX jumped a whopping 7.1% because of some IPO pipeline news, and the STI is flirting with all-time highs. And, oh man, some earlier big shots like ST…
