Recently, the USD has weakened against the SGD...i.e., Sell USD and Buy SGD.
That means funds have been flowing in from the US into SG.
I have reasons to believe that the US Funds have indeed come into Singapore judging form the price movements of some blue chips like SingTel, UOB and DBS, just to give a few examples.
The NIRP (Negative Interest Rate Policy) by the ECB has further fueled the rise in financial assets. But, as I had posted earlier, some big name Hedge Fund Managers like Carl Icahn and Stanley Drukenmiller are beginning to worry about the US Equity Markets.
I personally believe that the rally in the US Equity Markets will continue until the listing of Alibaba.com (see earlier post)...and may continue to rise after that.
When the party will end? No one knows.