BT Mark to Market: Stocks running but check your FOMO (Ep 30)

Why has the spate of bank failures made Ben Paul even more bearish about the market than he was at the beginning of this year? He explains.

Listen.14:41
Published Mon, Apr 10, 2023 · 05:50 AM

Synopsis: Listen to senior correspondent Ben Paul’s analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times.

Keep your FOMO in check! The recent bank failures in the West were not just about poor management but also a manifestation of tighter monetary policy working its way through the financial system. Yet, the Fed does not appear ready to cut rates immediately. Chasing the market at this point could be a bad idea.

Highlights: 

01:36 Waiting for the next shoe to drop

06:13 S&P500, STI have shrugged off the bad news

09:32 Parsing Fed’s latest comments, rate projections

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11:38 Weaker REITs may succumb to financial stress

Written and hosted by: Ben Paul (benpaul@sph.com.sg)

Produced by: Howie Lim & Claressa Monteiro

Engineered by: Howie Lim

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BT Correspondents brings together some of The Business Times’ most trusted columnists in a single series. Featuring Mark to Market, WealthBT, TransportBT, and PropertyBT, weekly episodes deliver expert analysis and clear perspectives on stocks, wealth, mobility, and real estate. It is essential listening for professionals who want context, clarity, and depth.