STI New Highs! US Bull Market Ending? Would You Shift to Asian Equities?
Over the past week, Singapore’s stock market quietly delivered another surprise: $Straits Times Index(STI.SI)$ total return for 2025 has reached 25% (including dividends) — one of the strongest performances in the past 15 years.
Not only the large caps, but mid- and small-cap stocks are also up 16% this year, with trading activity clearly heating up.
Interestingly, institutional investors were net sellers last week, especially in utilities and S-REITs.
But despite the short-term dip, S-REITs still show a nearly 15% total return for 2025, on track for their best year since 2019.
✔ The Fed has already cut rates twice this year
✔ Markets expect another cut this week
✔ Lower rates → lower funding costs → more stable distributions & more acquisition activity
Analysts generally believe:
S-REITs still have upside in 2026 and may continue catching up to the broader market.
Goldman Sachs Drops a Bomb: The U.S. Stock Market’s Supercycle May Be Over
Goldman Sachs’ newest “Global Equity Outlook 2025–2035” sends a warning to global investors.
Over the past decade, the S&P 500 delivered an astonishing 15% annualized return — an extremely rare “super-bull decade.” But mean reversion always arrives.
Goldman now forecasts:
U.S. equity annualized nominal returns will fall to 6.5% over the next decade This sits in the bottom one-third of historical ranges.
Next Stop: Asia? Or Is the U.S. Bull Market Still Alive?
On one side: U.S. stock returns are expected to cool significantly. On the other: Asian markets — especially Singapore — are showing stable, healthy momentum backed by clear fundamentals.
So here comes the real question👇
If You Could Choose Only One, Where Would You Invest for the Next 10 Years?
🅰 Still Bullish on U.S. Markets
Tech giants have strong profitability and deep moats
Long-term U.S. equities trend upward despite short-term cycles
🅱 Shift to Asia (Singapore, Southeast Asia, HK etc.)
More attractive valuations
High-dividend strategies perform more steadily
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
This isn't about choosing between these 2 markets . It combines fundamentally 2 different markets to forge a more robust , resilient and globally diversified portfolio.
Investing in both the US and Asian markets allows me to capture the best of both worlds and effectively manage risk through diversification.
It is about balancing growth and value . I get exposure to high growth , innovation driven engine of the US markets while at the same time , I am tapping into the attractive valuations and steady high dividend strategies offered by markets in Singapore, Southeast Asia and Hong Kong.
This is also about not putting all my eggs into 1 basket . It mitigates single market risk.
Why not both is a balanced approach that recognises the inherent strength of each market.
@Tiger_SG @TigerStars @Tiger_comments @TigerClub @CaptainTiger
Goldman’s $Goldman Sachs(GS)$ warning about weaker U.S. equity returns over the next decade feels reasonable after such an exceptional 10-year run. It doesn’t signal the end of the U.S. bull market, but it does suggest that future gains may be slower and more selective.
If I could only pick one region for the next decade, I’d lean toward Asia — especially Singapore — for its valuations and stable dividends especially on bank stocks like $DBS Group Holdings(D05.SI)$ $UOB(U11.SI)$ $ocbc bank(O39.SI)$ . Still, I’d maintain some U.S. exposure to high-quality tech leaders with durable long-term moats.
@Tiger_SG @TigerStars @Tiger_comments
If could choose only one for the next 10 years, the US markets would likely be preferred, driven by long-term growth in AI, biotech, and clean energy, supported by tech giants with strong profitability and deep moats, ensuring US equities trend upward despite short-term cycles
Shifting to Asia offers diversification and stability, with more attractive valuations and high-dividend strategies that perform more steadily, offering a hedge against US downturns
In short, US markets remain strong in tech, but interest rate impacts and market corrections call for caution, while Asian markets offer high-reward opportunities driven by emerging markets and demographic advantages
Tag :
@Huat99
@Snowwhite
Asia is attractive, especially Singapore, with cheaper valuations, stable dividends and healthier policy visibility. It offers steadier income and selective growth, but lacks the global profit engines that drive consistent decade-long outperformance.
So my choice is the U.S., with Asia as a complementary allocation rather than the core.
有趣的是，機構投資者淨賣家上週，尤其是在公用事業和S-REITs.
但儘管短期下跌，S-REITs 2025年總回報率仍接近15%，有望迎來自2019年以來最好的一年。
✔美聯儲今年已經降息兩次
✔市場預期另一本週削減
✔更低的利率→更低的融資成本→更穩定的分配和更多的收購活動