Fed interest rates

The portfolio is fully invested again — after we disposed of our stakes in Microsoft and VOO.

In fact, the bond market has already been seeing increasing fund inflows in recent weeks.

Over the coming months, bonds will regain attractiveness.

No reason for Fed to reverse higher-interest-rates-for-longer policy.

Jakobsen was already warning about inflation as far back as late 2019

That said, monetary policies remain very accommodative and liquidity is ample from a long-term historical point of view.

We may now be entering the next phase, where disruptors are increasingly being disrupted themselves.

(Sept 21): The Fed confirmed that it is ready to start to shrink its US$4.5 trillion ($6.1 trillion) balance sheet. This was no surprise, but the overall tone was moderately hawkish, as policy-makers still project another rate hike in December, and three

SINGAPORE (Nov 29): As 2016 draws to a close, DBS Vickers Securities is shifting the spotlight on December as a crucial month for markets – particularly with key events such as the Organization of the Petroleum Exporting Countries (OPEC) meeting and Fed