For subscribers
Commentary
Keep an eye on cyclical, growth plays as recovery begins
Tech stocks, and those with strong balance sheets and businesses, could benefit
Sign up now: Get ST's newsletters delivered to your inbox
Was the sharp pullback on Wall Street that wiped out around US$2 trillion (S$2.8 trillion) from the market a new major correction or a blip? That is the million-dollar question investors were pondering in the wake of the sharp correction last Thursday which saw key Wall Street indexes plunge almost 6 per cent.
Still, a 12-week gravity-defying rally has lifted New York stock markets over 40 per cent since late March while the Straits Times Index rose about 27 per cent to a high of 2,800 points last Wednesday before giving back some ground. But it still closed on Friday 22 per cent ahead since March.
