Sometimes a transient event like American election can change the stock prices so much so that nobody can really predict. I think the chase on DBS shares was because people think that the Republican president will endorse more interest rate hikes going forward, thus benefiting DBS most. But all these are buying on a hope. How it is going to pan out, nobody really knows. But still, I like to see it goes up because it has been staying below $16 for to long.
Sometimes a transient event like American election can change the stock prices so much so that nobody can really predict. I think the chase on DBS shares was because people think that the Republican president will endorse more interest rate hikes going forward, thus benefiting DBS most. But all these are buying on a hope. How it is going to pan out, nobody really knows. But still, I like to see it goes up because it has been staying below $16 for to long.