For MINT the fundamental and economic rationale are obvious. The Federal Reserve is likely to lower the federal funds rate at least twice this year. And, rates could go a lot lower if the Fed loses its independence with its new chair. Two Kevins are in pole position to take over from Jerome Powell. These two are either Kevin Hasett or Kevin Warsh who was a Fed governor from 2006-2011. Christopher Waller, a current Fed governor has been mentioned as well as Blackrock’s Rick Reider along with Scott Bessent, Trump’s treasury secretary.
A couple of 2025’s top 11 worst perfomers among the component stocks of the Straits Times Index could attempt to outperform in 1Q2026 from a technical perspective. The STI recorded a price gain of 22% in 2025, and a total return of 29% based on Bloomberg’s data. The top two contenders are likely to be Mapletree Industrial Trust (MINT) and CapitaLand Investment (CLI).
