LazyCat

The disruption to Telco by SpaceX is not a don't deal and the market is already selling down the Telcos. If the likelihood of spaceX succeeding is high or certain, this price movement is the clearest indication of how market expectations. If not, it's just a matter of selling on rumour to wash out the unsteady hands.

What is certain now is that uncertainty rules. Even the "safe haven" Singapore is zapped by the banks sell off. What I see is the rapid sector rotation of funds, triggered by news that are not new but suitable as a trigger for rotation. We have seen DeepSeek, SaaSpocalypse, Citi OCBC downgrade, now the anthropic some. Tune out the noise and focus on your own thesis and objective.

It seems that most focus on the bank selloff instead of registering a broad SG market weakness today. Almost all discussions focused on the impact of the Citi analyst downgrade but is this the cause or just the trigger for the sell down? The toppishness/high valuation of the banks have been shared for quite some time but those voices were rediculed by the bank bulls who shares their unwaivering conviction that banks will only go up. Sometimes, Mr Market is just waiting for an excuse at an opportune time to take profits and pass the bag. Such is a time for the baptism of fire for new investors. Good luck and may they emerge stronger after this.

The sell down of OCBC today is likely due to the Citi's downgrade from Neutral to Sell, setting a TP of SGD27.5. This is actually a prediction of where the stock could trade down to if their concerns of slowing growth ("flat Q3 earnings"), shrinking profit margins from net interest income play out. Sometimes, such are "sell the rumour" event before a catalyst - do note that this is a prediction and not a fact (which is to be proven with the actual result).

I'm not jumping onboard SPCX just because of it's jump fueled by Morgan Stanley's opinion and 300 TP. It has to prove it's profitability else it's another round of hyping up the market.

hmmm, seems like the lowering of the board lot size diminished the interest in UOB, with it falling while DBS and OCBC climbed.

today 2 STI components slid a flights of stairs and bruised many a unit holder - DFIRG -8.82% & -7.16%. Among them, SGX's fall is really painful to see, falling from 25.69 ATH since late Aug with 2 vertical drops on 14 Sep and today. There are no negative catalysts and it seems risk-off profit taking / positioning before NFP?

It is actually considered good that Micron prices stayed flat I steady of getting dumped post earning despite good results and forward guidance. It shows that the high expectations were met.

William's comments ahead of the PCE signaled that fed is in a waiting and see stance for the immediate near term. Although acknowledging that further hike before year end, his comment against rushing the next decision lowered short-term rate hike probabilities.

A filing which warns that its own models could pose "catastrophic or existential risks to humanity" is as wild as it can get! - so what's the point in investing in this? 🤔