FOMO to drive US equities in Q1: DBS

Singapore

THE US market is expected to continue to attract investors, driven by FOMO (fear of missing out) on a sustained bull market, DBS Bank's chief investment officer Hou Wey Fook told the media on Thursday at its 2020 first-quarter market outlook.

As global savings need to find a home somewhere, equities are to remain as a preferred asset class given that there is no better alternative in the current low rate and low yield environment, according to Mr Hou. Monetary and financial conditions are also conducive for equities considering the abundance of quantitative easing liquidity.