SGX Weekly Gainers & Losers (13 Dec 2025): Why The Rally Is A Trap

The Fed finally moved, but the easy money era isn’t back yet. Here is why retail giants are waking up and why you need to watch your dilution risk.

The waiting game is over, but the confusion has just begun.

On December 10, the Federal Reserve cut rates by 25 basis points. On the surface, this is exactly what the market wanted. The Straits Times Index (STI) responded with a respectable 1.45% gain this week, closing at 4,586.45. We are sitting on year-to-date returns of over 5%, and if you zoom out to December 2024, we are up over 23%.