Encouraged by record low interest rates, humongous fiscal stimulus packages and apparently cheap valuations after a brutal sell-off, some investors are aggressively wading back into stock markets. Singapore Exchange data shows investors poured $2 billion into stocks last month, 50 per cent more than in the previous month. In recent days, investor sentiment, including on Wall Street, has been buoyed by the slowing rate of increase in Covid-19 infections in the United States and parts of Europe. There are also expectations that social distancing measures, which have caused widespread economic damage, will soon be lifted in some parts of the world, as they have been in China and South Korea – although this is not an immediate prospect in Singapore. Signs of a possible agreement on oil production cuts between Russia and Saudi Arabia, which could lift oil prices, have also added to positive sentiment.