Singapore REITs Sector ( S-REIT ETF) Poised for Rebound as Rate Outlook Turns Supportive The latest technical breakout in the CSOP iEdge S-REIT ETF (SGX: SRT) presents a opportunity for investors watching the real estate investment trust (REIT) space. Following months of weakness, SRT has decisively broken above its downward trend channel — a signal that the worst may be behind us, at least in the short term. This technical breakout aligns with a fundamental catalyst: the evolving interest rate expectations in the US. According to the CME FedWatch Tool, market participants now overwhelmingly expect the Federal Reserve to begin easing rates later this year , with the majority projecting the Fed Funds rate to fall into the 375–400 bps or even lower ranges by Q4 2025. Lower interest rates tend to benefit REITs, as borrowing costs decline and the yield spread versus other income assets becomes more attractive. Technical Setup: Breakout From the Downtrend After trading within a well...
Week Ahead: 24 March 2025 Medium Term: S&P 500 (SPX): The S&P 500 continues to hover around the 5,500 level (Fibonacci 1.618% support) and is showing increasing evidence of potential to test the resistance zone at 5,780–5,840, where previous support has turned into resistance. Straits Times Index (STI): The Straits Times Index (STI) traded above its key resistance zone of 3,850–3,900. As long as the index holds above this resistance-turned-support level, it could potentially test the 4,000 resistance level. Hang Seng Index (HSI): The China A50 Index (grey line) continues to trend upward, while the Hang Seng Index (candlestick) is encountering resistance around the 24,800 zone and approaching a key resistance level at 24,905. While our long-term outlook remains bullish, we maintain a cautious stance in the short term. Long Term: S&P 500 (SPX) Neutral (Upward trend remains intact, while downward trend could be developing) Hang Seng Index (HSI) Upward Trend Straits Times Index...