Week Ahead: 31 March 2025 The coming week will be pivotal as markets assess global reactions to the United States' implementation of reciprocal tariffs and whether President Trump signals any recalibration of trade policy. Among the various risks, the psychological impact on consumer confidence is particularly significant. As evidenced by China’s experience, restoring consumer sentiment and reigniting domestic consumption is no easy task. We do not have any short-term (tactical) ideas for the week ahead. Instead, we will be closely monitoring demand-supply dynamics to identify any short- and long-term opportunities. We wish all our Muslim readers Selamat Hari Raya Aidilfitri Medium Term: S&P 500 (SPX): The rebound in the S&P 500 Index was capped at the 5,780 level, now a Support-turned-resistance level. As a result, expectations for a continuation of the downward trend have increased. Immediate support is seen at the 5,550 level (Fibonacci 1....
Singapore REITs Sector ( S-REIT ETF) Poised for Rebound as Rate Outlook Turns Supportive The latest technical breakout in the CSOP iEdge S-REIT ETF (SGX: SRT) presents a opportunity for investors watching the real estate investment trust (REIT) space. Following months of weakness, SRT has decisively broken above its downward trend channel — a signal that the worst may be behind us, at least in the short term. This technical breakout aligns with a fundamental catalyst: the evolving interest rate expectations in the US. According to the CME FedWatch Tool, market participants now overwhelmingly expect the Federal Reserve to begin easing rates later this year , with the majority projecting the Fed Funds rate to fall into the 375–400 bps or even lower ranges by Q4 2025. Lower interest rates tend to benefit REITs, as borrowing costs decline and the yield spread versus other income assets becomes more attractive. Technical Setup: Breakout From the Downtrend After trading within a well...