Alphabet (GOOGL.US) closed down 12.64% on revenue that missed estimates, marking its worst day since its 2004 IPO and wiping out ~$480bn in market cap. Other tech giants Amazon and Intel also saw their shares fall further after earnings reports.
Wall Street took a hit, and the Singapore stock market has been sliding recently. Is an economic slowdown really happening?
Alphabet had its worst day ever, and Amazon and Intel slid after hours. Eli Lilly and Apple bucked the selloff with records. Let's dig in 👇 💬 Big Tech is paying for AI with cash flow. Buying the Alpha...
Alphabet (GOOGL.US) rose 1.34% pre-earnings but fell after-hours; despite cloud revenue doubling, free cash flow turned negative, triggering a late-session plunge of over 10%. While revenue grew, EPS and gross margin both significantly missed estimates.
I believe Alphabet's overall structure remains healthy and stable, so we can adjust our positions without panic.
Alphabet's cloud revenue doubled, yet its free cash flow turned negative and the stock slid after hours, while Microsoft rose on faster Azure growth. The Fed held, with two votes for a hike. Let's dig...
Crude oil fell below $100 as Iran hinted at potentially easing restrictions on the Strait of Hormuz, alleviating inflation concerns ahead of the Fed's decision.
However, crude prices still have significant room to fall from normal levels, and the volatile situation continues to impact currencies, precious metals, and market sentiment.
SK Hynix says its memory chips are sold out until 2029, and every stock in the chip index rose for a second day. Tonight Microsoft and Alphabet report, just before the Fed. Let's dig in 👇💬 SK Hynix is...
International gold prices fell below $4,000 for the first time since July, while Brent crude continued to climb, with energy stocks leading the S&P 500.
The divergent trends, combined with expectations of unchanged interest rates before year-end and long-term Treasury yields hitting a 25-year high,
Is the AI bubble persisting? Or are tech stocks still on a healthy trajectory?
Local major bank stocks continue to decline; is this a fundamental signal?
All these questions remain shrouded in mystery.
Micron bounced Friday as Jensen Huang played down fears of a memory glut, with the Fed and Big Tech earnings ahead. At home, REITs held their gains. Let's dig in 👇💬 Memory makers report this week. Is ...
The US Treasury 10-year yield fell 19.3 bps to 4.952%, marking the largest single-day drop since March 2023. Rate hike expectations have vanished.
Global gold broke below $4,050 for the first time since early August; silver dropped below $55, while Brent crude rose above $113.
All signs suggest that rate hikes by year-end are unlikely, which will also impact US stock performance.
Western Digital grew revenue 55% and raised its dividend, then fell 6%. Lam Research beat and fell twice as hard. At home, banks slip while REITs bounce. Let's dig in 👇💬 Chip stocks are selling off on...
The Singapore Straits Times Index (STI.SG) fell approximately 0.5% in early trading today, hovering around 5,385 points.
All three major banks declined: OCBC (O39.SG) -0.7%, UOB (U11.SG) -0.7%, and DBS Group Holdings (D05.SG) -0.1%.
The rally on Wall Street hasn't spilled over here; with Singapore's economic growth momentum remaining strong, why does the stock market keep falling?
The chip rout that defined last week ended on Monday, and Asia is not buying it. At home, the STI is slipping. Let's dig in 👇💬 Wall Street says the selloff is over, Asia says it isn't. Which side are ...
The Singapore Straits Times Index (STI.SG) was basically flat, hovering around 5,421 points.
DBS Group Holdings (D05.SG) rose about +0.8%, UOB (U11.SG) +0.3%, but OCBC (O39.SG) fell -0.4%. These three major banks are no longer moving in tandem.
In the past, OCBC had the largest gains, while UOB's performance once plunged significantly. The divergence among bank stocks should just be temporary, right?
Chip stocks fell for an eighth straight day, the longest run on record, and the traders shorting them are up about $32B. At home, the banks have split. Let's dig in 👇💬 Eight days down and the Fed goes...
The US September PPI, released this week, rose 6.3% month-over-month, beating the expected 5.3%, and increased 1.3% year-over-year, surpassing the forecast of 0.5%. Citibank now anticipates a rate hike in December, while UBS forecasts a third hike in March.
Rising rate expectations may have already been priced in by the market too early.
September PPI landed a full point above forecast, and two big banks changed their rate calls. At home, September exports came in at double the forecast. Let's dig in 👇💬 With a December hike priced nea...
October CPI rose 3.7% YoY, beating the expected 3.6%, while core CPI hit 2.6%, both marking the highest levels this year.
CME data shows the probability of a rate hike in October surged from 21.6% to 43.7%.
The 5-year US Treasury yield touched its highest level since 2007 before rebounding in the afternoon bond rally.
The market-implied probability of a Fed rate hike this year has exceeded 50%.
Consequently, the US stock market saw volatile trading last night; we expect to see the true trend only later on.
September CPI came in hotter than anyone wanted, and the market's odds of an October hike doubled within the hour. At home, the STI is down about a percent. Let's dig in 👇💬 With an October hike now cl...
The Monetary Authority of Singapore (MAS) kept policy unchanged this morning and lowered its core inflation forecast to 1.5-2%, despite all 10 analysts surveyed by Reuters expecting a tightening.
I'm more concerned about the significant volatility in the Singapore stock market right now. Livelihoods are what truly impact the Singapore economy first and foremost, serving as the anchor for the stock market as well.
Three Fed officials backed another rate hike on the same day, hours before tonight's CPI. At home, MAS surprised every analyst by holding. Let's dig in 👇💬 If tonight's CPI runs hot, do you add to rate...
The Singapore Straits Times Index (STI.SG) gave up its morning gains this morning after consecutive declines in the previous week's continuous trading, currently just a few points away from Monday's closing price of 5,415. Among them, DBS Group Holdings (D05.SG) rose by approximately +0.7%, UOB (U11.SG) rose by +0.8%, but OCBC Bank (O39.SG) is currently down by about -0.2%. The rebound only lasted for half an hour because Bank of America will release its earnings report tonight.
What was unexpected is that although the Singapore stock market performed outstandingly in the first half of this year driven by economic growth, the market is simply too small. Risk fluctuations in bank stocks actually drove the broader index to nearly plummet off a cliff.
Memory was the best trade of the AI boom until Monday, when Micron, SanDisk and SK Hynix shed about $108B between them on news that a Chinese rival is closing the technology gap. At home, the early ba...
$SpaceX(SPCX.US) is acquiring an 800MHz license from Grain Management for approximately $8bn; once approved by the FCC, it will roll out Starlink Mobile on the ground.
Other operators are taking a hit, and all telecom companies face the risk of being phased out. Meanwhile, this will further impact related communications, electronic data, and various aspects of data storage businesses.
SpaceX is paying about $8B for nationwide spectrum, and US telcos got repriced in one session: AT&T -9.8%, T-Mobile -13%. At home, the banks are bouncing after last week's 5% STI slide. Let's dig in 👇...
The three major Singaporean bank stocks plunged, following JPMorgan's recommendation for clients to reduce their holdings amid soaring long-term yields and financing costs.
This is a consideration at one level, but looking at it from multiple perspectives, we must also assess whether local economic development and future prospects have sufficient support.
The FT reported OpenAI's annualized revenue is about $20B lower than thought, and the AI chain sold off: Oracle -5.5%, CoreWeave -7.8%, Nvidia -2.9%. At home, the STI closed -3.5% Thursday as all thre...
