inverted

STI is overbought, but Hang Seng Index breaks out as yield curve normalises  - THE EDGE SINGAPORE

Right Timing

STI is overbought, but Hang Seng Index breaks out as yield curve normalises

As the yield curve normalises, the Hang Seng Index and HSTECH ETF break out but STI could consolidate

Global Economy

Yield curve normalises

The yield curve has normalised with Fed dot plot indicating an FFR of 4.4% by end-2024

Right Timing

Straits Times Index’s rebound continues, but risk-free rates remain elevated

STI could continue rebound to 3,245 but risk-free rates to remain elevated while US S-REITs pummel new lows
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