No bear market yet, but expect volatility to persist: DBS
Bank is not taking a bullish stance either, as there are several black swans that pose significant risk
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Singapore
INVESTORS spooked by the recent equity market bloodshed, take heart - compared to conditions in the three recessions in the last 30 years, we are nowhere near sell-off levels that would herald the start of another prolonged bear market, according to DBS Bank's Chief Investment Office (CIO).
At a media roundtable for the bank's CIO Insights for Q1 2019, DBS chief investment officer Hou Wey Fook cited several reasons for the sanguine view. For instance, the peak-to-trough spread of about minus 16 per cent in the S&P 500 is relatively small, compared with losses of 50 per cent or more in the 2008 financial crisis and the 2000 dotcom crash.
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