Interest rates going up.. recession
$DBS Group Holdings(D05.SG$ $OCBC Bank(O39.SG$ $UOB(U11.SG$
Mortgage and loan rates are already going up, dampening demand for high tickets items. Based on charts, these 3 are already moving on downtrend cycle. expecting cycle to rollover after at least a few months
Mortgage and loan rates are already going up, dampening demand for high tickets items. Based on charts, these 3 are already moving on downtrend cycle. expecting cycle to rollover after at least a few months
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Milamber : Do you foresee bank stocks will go down, instead of up? They are benefitting from the interest rate increase….
PaAg1378 : Banker always win
Markio1315OP Milamber: but less people will take up loans. if you review US bank stocks all are going down.
Sianzsation : US Banks, I bought when there is blood on the streets. Ended up the blood was mine... What advise on those Bank stocks
Markio1315OP Sianzsation: US bank got multiple headwinds, especially those who deal with Russia banks. If I want to get a bank I will go for their local banks. personally I switch to commodities and strong healthcare companies as buffer. Don't follow Cathie Woods for now she is picking scraps.
Sianzsation : Thanks senpai!
71518529 : I agree, going to be ugly for awhile..