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MONEY MATTERS

Fed was dovish as expected. Now, to take profit

There is limited upside in equities here. The rally is likely to peter out soon, when the technical rebound runs out of steam.

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DBS Bank's chief investment officer Lim Say Boon says a flushing out of valuations is needed to restore interest in the market, and it will happen soon

THE Federal Reserve has delayed hiking rates, but don't get too happy - there is limited upside in equities from here.

In the end, things played out as we expected, which was that the "risk rally would likely be supported by dovish Fed". Indeed, this was the continuation of the technical