Discreetx
2022-04-07

$Straits Times Index(STI.SI)$Good to dca into sti etf. Volatile market with rise in interestrates. STI ETF big component are the three banks, which will benefit from rise in interestrate. Alternatively, consumer staples and defensive stocks like $Wal-Mart(WMT)$which is on an uptrend or $Consumer Staples Select Sector SPDR Fund(XLP)$Which investorstend to turn to when market is on a downturn. 

💰 Stocks to watch today?(8 July)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!
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Comments

  • TheMilkyWay
    2022-04-07
    TheMilkyWay
    Have been wanting to enter a position in $Consumer Staples Select Sector SPDR Fund(XLP)$ about 2 weeks ago but it keeps rising, is it a good time now to enter?
    • Discreetx: 
      Not sure haha. may want to see the market how it opens and goes today. Fed speaker Bullard around 9 which may spook the market again. DYDD (:
  • BorisBack
    2022-04-07
    BorisBack
    Singapore's big three banks are doing very well, and as interest rates rise, they will get higher returns, which will continue to push up their share prices
    • Discreetx: 
      Yep true. the banks will benefit from the higher interest rate and that will push sti up
  • LeilaLynch
    2022-04-07
    LeilaLynch
    Even since the outbreak of COVID-19, the performance of STI is almost the best, and it is obvious that its constituent stocks have a strong resistance to the epidemic.
    • Discreetx: 
      Yep. if u bought during the low of pandemic when it was 2+ and held till now, u would have gained quite a bIt
  • KittyBruno
    2022-04-07
    KittyBruno
    I continue to be optimistic about the trend of STI ,All you have to do is be long and strong.
    • Discreetx: 
      Yep long term hold. Will defnitely go up
  • tarotsgirl
    2022-04-07
    tarotsgirl
    can't say the best but safest
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