US markets fell off a cliff yesterday after the Fed cut rates the day before. Today, the SGX continued its fall, although not as bad as Monday. S-REITs continued to be the most affected as index/mutual funds face further redemptions. As S-REITs fall and their forward yields rise, I believe there will come a point where investors find that yields are just too...
Overnight the Fed cut its interest rates again and also implemented quantitative easing by increasing bond purchases. Instead of reassuring the market, it seems like the Fed has spooked everyone that the downturn will be prolonged. The STI stocks are down, REITs are down even more. This is interesting because REITs are leveraged vehicles and a lower interest rate typically tends to be...
