STI Weekly...Indecision

It is official!!! There will be No QE3 from now till the next FOMC meeting in September. The market will have to fend for itself for the next 3 weeks... Last Friday rally in US equities shows some return of risk appetite as interest now shift to the 2 days Sept FOMC. Wall Street is now betting that the extra one day suggests Fed may employs special tools to soothe the markets if situation worsen. The message is clear: You are on your own now!!!

Happy profiting!!