STI New Highs! US Bull Market Ending? Would You Shift to Asian Equities?
Over the past week, Singapore’s stock market quietly delivered another surprise: $Straits Times Index(STI.SI)$ total return for 2025 has reached 25% (including dividends) — one of the strongest performances in the past 15 years.
Not only the large caps, but mid- and small-cap stocks are also up 16% this year, with trading activity clearly heating up.
Interestingly, institutional investors were net sellers last week, especially in utilities and S-REITs.
But despite the short-term dip, S-REITs still show a nearly 15% total return for 2025, on track for their best year since 2019.
✔ The Fed has already cut rates twice this year
✔ Markets expect another cut this week
✔ Lower rates → lower funding costs → more stable distributions & more acquisition activity
Analysts generally believe:
S-REITs still have upside in 2026 and may continue catching up to the broader market.
Goldman Sachs Drops a Bomb: The U.S. Stock Market’s Supercycle May Be Over
Goldman Sachs’ newest “Global Equity Outlook 2025–2035” sends a warning to global investors.
Over the past decade, the S&P 500 delivered an astonishing 15% annualized return — an extremely rare “super-bull decade.” But mean reversion always arrives.
Goldman now forecasts:
U.S. equity annualized nominal returns will fall to 6.5% over the next decade This sits in the bottom one-third of historical ranges.
Next Stop: Asia? Or Is the U.S. Bull Market Still Alive?
On one side: U.S. stock returns are expected to cool significantly. On the other: Asian markets — especially Singapore — are showing stable, healthy momentum backed by clear fundamentals.
So here comes the real question👇
If You Could Choose Only One, Where Would You Invest for the Next 10 Years?
🅰 Still Bullish on U.S. Markets
Tech giants have strong profitability and deep moats
Long-term U.S. equities trend upward despite short-term cycles
🅱 Shift to Asia (Singapore, Southeast Asia, HK etc.)
More attractive valuations
High-dividend strategies perform more steadily
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这不是在这两个市场之间做出选择的问题。它结合了两个根本不同的市场，打造了一个更加稳健、有弹性和全球多元化的投资组合。
投资美国和亚洲市场使我能够捕捉两个世界的精华，并通过多元化有效管理风险。
这是关于平衡增长和价值。我接触了美国市场的高增长、创新驱动引擎，同时，我正在利用新加坡、东南亚和香港市场提供的有吸引力的估值和稳定的高股息策略。
这也是关于不要把所有的鸡蛋放在一个篮子里。它降低了单一市场风险。
为什么不两者都是一种平衡的方法，承认每个市场的内在优势。
@Tiger_SG @TigerStars @Tiger_comments @TigerClub @老虎船长
Goldman’s $Goldman Sachs(GS)$ warning about weaker U.S. equity returns over the next decade feels reasonable after such an exceptional 10-year run. It doesn’t signal the end of the U.S. bull market, but it does suggest that future gains may be slower and more selective.
If I could only pick one region for the next decade, I’d lean toward Asia — especially Singapore — for its valuations and stable dividends especially on bank stocks like $DBS Group Holdings(D05.SI)$ $UOB(U11.SI)$ $ocbc bank(O39.SI)$ . Still, I’d maintain some U.S. exposure to high-quality tech leaders with durable long-term moats.
@Tiger_SG @TigerStars @Tiger_comments
Check them in the history - “community distribution“
If could choose only one for the next 10 years, the US markets would likely be preferred, driven by long-term growth in AI, biotech, and clean energy, supported by tech giants with strong profitability and deep moats, ensuring US equities trend upward despite short-term cycles
Shifting to Asia offers diversification and stability, with more attractive valuations and high-dividend strategies that perform more steadily, offering a hedge against US downturns
In short, US markets remain strong in tech, but interest rate impacts and market corrections call for caution, while Asian markets offer high-reward opportunities driven by emerging markets and demographic advantages
Tag :
@Huat99
@Snowwhite
Asia is attractive, especially Singapore, with cheaper valuations, stable dividends and healthier policy visibility. It offers steadier income and selective growth, but lacks the global profit engines that drive consistent decade-long outperformance.
So my choice is the U.S., with Asia as a complementary allocation rather than the core.
有趣的是，機構投資者淨賣家上週，尤其是在公用事業和S-REITs.
但儘管短期下跌，S-REITs 2025年總回報率仍接近15%，有望迎來自2019年以來最好的一年。
✔美聯儲今年已經降息兩次
✔市場預期另一本週削減
✔更低的利率→更低的融資成本→更穩定的分配和更多的收購活動