I dont particularly hold any positions on Singapore banks, but I believe by having holdings of STI ETF, it has a large exposure to local banks.
Singapore is definitely shining as there seems to be challenges and turmoil everywhere else in the world. Almost every stock are hitting all time highs.
I am definitely waiting for a pullback before I increase my positions again. I dont believe in the herd mentality, so I will wait for stocks to retrace until a fair value before I enter.
Big Five Banks Kick Off Q2 Earnings Tuesday — Who Sets the Tone?
JPMorgan, Goldman Sachs, Citigroup, Bank of America, and Wells Fargo report Q2 results before Tuesday's open, firing the first shot of earnings season. Markets will focus on net interest income trends, investment banking and trading performance amid elevated volatility, and credit provisions signaling consumer health. With rate path uncertainty and geopolitical headwinds clouding the outlook, will the banks' H2 guidance and credit cost trajectories lift market sentiment or deliver a cold shower?
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