In the month of September 2016, the STI (Straits Times Index) was on a roller coaster ride. The chart below shows the STI trended down in the week of 12th to 15th September 2016 before resuming the uptrend.
I read in the news that the Fed will be holding the Federal Reserve Meeting on 21st September to decide on the interest rate hike. The speculation that Fed will raise interest rates has caused uncertainty in the stock market. (more…)