Week 35 Equity Strategy by Paul Chew #shorts #DMN
· 28.08.2023 · 01:52:57 ··· ··· Monday ·· 1 (1)
PYTCH Media Fed Chair Jerome Powell's recent speech in Jackson Hole was hawkish, signaling his commitment to raising and maintaining interest rates until inflation heads sustainably toward 2%. Market conditions are seen impacting inflation, particularly in non-housing services. The market expects a rate hike by year-end and four cuts in 2024.
Elevated rates will make equities compete with high-yield deposits. Banks benefit, REITs don't. Singapore's hotel sector sees record growth, favouring hospitality stocks and REITs, even co-living firms like LHN.
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