US Growth Expected

Last month, ECRI stated that they see a genuine cyclical upturn in growth which will last for at least six months, maybe longer.    But growth will be lower than past cycles, at 1-2%.  3% is unlikely.

This doesn't mean the US stock market will go up - high expectations may already be priced in.  But it means lower unemployment, rising inflation, and rising interest rates.  Probably globally.  Including gently increasing growth in Singapore.  And higher USD¹ with lower gold.  I don't know about commodity prices, since demand (from China) and supply are bigger factors.

I'll still be holding a lot of cash though, as stock markets are expensive and its hard to find things to buy.

ERCI's predictions have been pretty good, though they made a bad recession call in 2011.

1 Higher USD vs other global currencies, not necessarily against SGD.  But a lot depends on the Euro.   No way to know if the EU will breakup till after the French and Italian elections.  ↩