Looks like all the so called doomsday analysts are all wrong. They kept on talk about a Black Swan. 2 days ago, a media even published an article saying that if Donald Trump wins the election, Europe market will plunge by 10%.
All didn't happen! In fact, the sell down reversed and rocketed up. US S&P, NASDAQ, DOW JONES all turned positive overnight.
STI opened today Up +35 points. We are back to the previous day levels before the US elections. USD also shot up, the current exchange rate is 1 USD = 1.3990 SGD.
As Trump economic policy is protectionism, I foresee more funds will be pulled out from Asia and back to US. In the mid term, USD will rise with the upcoming rate hike and more rate hikes in 2017. (don't blame me if it doesn't happen).