While the outlook seems rosy for DBS, OCBC and UOB, they should hold on to their excess capital and hunt for opportunities as the world changes
One thing most people seem to agree on, following the divisive elections in the United States, is that Donald Trump is going to change the world during his second term as president.
For investors, that change seems positive – for now.
As anticipation of a decisive Trump victory grew on Election Day (Nov 5), the already elevated S&P 500 began climbing while the 10-year Treasury bond yield spiked and the US dollar strengthened.
