The US is at a crossroad now and it may trigger a stock crash.

The US had reported persistently high inflation (+6.8%) recently and it was already behind the inflation curve.

Let's look at the CPI components.

The energy sectors and vehicle sectors are the primary causes for this elevated inflation.

What's gonna happen then?

The US FED will expedite its QE tapering by reducing its asset purchases because interest rate hikes can only be implemented after QE tapering is completed.  Thereafter, the interest rates will rise in the US and cause stock market correction or crash.

The US stock market (S&P) is already in a dicey position now. Why?  Let's take a look at the charts below.

The divergence in the high yield option-adjusted spread (OAS) and S&P 500 in 2020 showed that a crash was in the offing as depicted by the chart.  Let's take a look now.

The same phenomenon is happening between the 30-year treasury yield and S&P.

Is the US stock market in a dicey situation?  Time will tell!

F&N - Stock calls

Date	Analyst	Company	Last	Target	Call
11/08/21	Lim & Tan	F & N	1.45	0	Neutral

ESR-Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/21/21	DBS Vickers	ESR-Reit	0.41	0.45	Buy	DCF
01/21/21	DMG & Partners	ESR-Reit	0.41	0.48	Buy
01/21/21	Citi Research	ESR-Reit	0.41	0.47	Buy
01/21/21	OCBC	ESR-Reit	0.41	0.47	Buy
01/25/21	CIMB	ESR-Reit	0.405	0.49	Add
02/23/21	DBS Vickers	ESR-Reit	0.385	0.45	Buy
04/21/21	DBS Vickers	ESR-Reit	0.4	0.45	Buy
04/23/21	CIMB	ESR-Reit	0.405	0.494	Add	DDM
05/07/21	Soochow	ESR-Reit	0.41	0.47	Buy
05/07/21	CIMB	ESR-Reit	0.41	0.494	Add
05/07/21	DIR	ESR-Reit	0.41	0.39	Hold
05/07/21	Citi Research	ESR-Reit	0.41	0.45	Buy
05/10/21	OCBC	ESR-Reit	0.39	0.45	Buy
07/23/21	Lim & Tan	ESR-Reit	0.44	0	Hold
07/26/21	DBS Vickers	ESR-Reit	0.44	0.53	Buy	DCF
07/26/21	CIMB	ESR-Reit	0.44	0.521	Add	DDM
07/28/21	Citi Research	ESR-Reit	0.445	0.46	Buy
07/28/21	DIR	ESR-Reit	0.445	0.42	Buy
07/28/21	Morningstar	ESR-Reit	0.445	0.44	Buy
07/28/21	OCBC	ESR-Reit	0.445	0.48	Buy
07/28/21	Soochow	ESR-Reit	0.445	0.48	Buy
08/16/21	Kim Eng	ESR-Reit	0.455	0.55	Buy	DDM
09/09/21	DMG & Partners	ESR-Reit	0.46	0.54	Buy
09/13/21	Kim Eng	ESR-Reit	0.485	0.55	Buy	DDM
09/30/21	CIMB	ESR-Reit	0.465	0.538	Add	DDM
10/28/21	CIMB	ESR-Reit	0.48	0.538	Add	DDM

Elite ComReit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/03/21	CIMB	Elite ComReit	0.67	0.79	Add	DDM
03/12/21	UOB Kay Hian	Elite ComReit	0.655	0.95	Buy	DDM
04/26/21	CIMB	Elite ComReit	0.665	0.79	Add	DDM
06/07/21	CIMB	Elite ComReit	0.665	0.83	Add	DDM, $0.826 target price
07/22/21	DBS Vickers	Elite ComReit	0.665	0.8	Buy	DCF
08/04/21	DBS Vickers	Elite ComReit	0.67	0.8	Buy	DCF
08/05/21	CIMB	Elite ComReit	0.68	0.826	Add
09/02/21	CIMB	Elite ComReit	0.675	0.826	Add	DDM
11/02/21	DBS Vickers	Elite ComReit	0.675	0.8	Buy
11/02/21	CIMB	Elite ComReit	0.675	0.769	Add	DDM