QUESTION: What do national debt, central bank rate cuts, climate change, Singapore property prices, Big Tech antitrust battles, and the city’s demographic “crisis” all have in common?
Answer: None can have much real impact on stocks.
Yes, you read that right. Stocks are neither myopic nor far-sighted. They weigh factors about three to 30 months ahead, ignoring most super-short-term chatter and all ultra-long-term conjecture – even when factual. Let me explain.
