The U.S is on the verge of breaching the debt ceiling. There has been increasing talks on how a default may result in more market turmoil due to the damaging impact on the economy. Would this result in more turbulence in the stock markets ahead?
Over in Singapore, the local banks have reported robust results but the stock performance has not been as satisfactory. DBS and UOB is down nearly 10% YTD while OCBC had a muted performance in 2023.
Is it safe to invest in the local banks given the recent banking saga? We will also share more insights into how we identify price levels to buy at.
Join us in this short market update sharing session on Zoom!