This global downturn is a classic correction, not a bear market
As Warren Buffet says, the stock market is a device for transferring money from the impatient to the patient
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
RUSSIA'S invasion of Ukraine, and the subsequent slide of world markets into correction territory, have sparked fears that the post-lockdown bull market is dead. Even the Straits Times Index's defiant bucking of global markets' early-year slide is wavering.
Furthermore, we are facing supply chain snarls; oil prices are holding above US$100 a barrel; and hikes in the United States federal funds rate are imminent.
But don't fret. Instead, look past the fretful haze, smoke and mirrors to the economic, political and sentiment drivers. These are pointing up. The global bull market lives. It will bounce back.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
