"They broke the deal!"....but will this break the uptrend momentum of Straits Times Index this year?
Straits Times index (source : POEMS Mercury) The parallel uptrend channel of Straits Times Index that started this year was tested once during end of March when the financial market was getting concerned about the negative yield inversion. It is now once again stress tested due to Trump's twitter tantrum last Sunday. Yesterday, Trump claimed 'They broke the deal' but will his hard stand on trade talk break the STI uptrend momentum? We shall see. https://www.youtube.com/watch?v=AT52OB05prU https://youtu.be/Yj5ac3w-g_4?t=28