Market News - STI
Posted On Monday, February 18, 2008 at at 9:18 PM by Finance AnalysisSTI range bound from 2650 to 3300 - Sell into strength near 3280
We continue to believe that the 2650 level represents a ‘worst case’ scenario for the FTSE ST Index while rebound upside is capped at 3300. Our base case scenario is for the US economy to slow down to as low as 1% growth during 1H before picking up to 2.5% in 2H.
A range bound pattern between 2650 to 3300 should develop in coming month(s) until data shows the effect of the 125bps by the FED and the US stimulus package filtering down into the economy. Click below for more
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Source: Extraordinary Profits
