PSChua

The elephant in the room is the US mid-term elections on 3 Nov. As the Red party is still reeling from inflation-related voter disgruntlement and other personality-related issues, the Blue party might wrestle one or both chambers from the Red. How would that impact the US market?

While Ely Lilly is a quality non-AI stock to eyeball, it's price went up from $1142 on 2 Oct to $1517 on 30 Oct, a whooping 24% increase in 1 month. So, yes, to take note of but not to buy yet, at least

On the 2nd day (30 Oct), Mi Materials fell more than 16% to close at $1.51 on the back of the Wall Street tech rout the day before. In fact, the key Singapore chip stocks all fell AEM and UMS Integration. As AI story is intact (no question on demand just the question of ROI), it's time to deploy some dry powder over the few days to pick up the slack in Singapore chip stocks.

While tech stocks were lifted yesterday and Nasdaq futures are currently green, my bet is that investors will wake up from this Anthropic froth and return to earth and demand to see evidence of the ROI from all these investments into AI

hi, what's your criteria for a quality company? Is it FCF? Is it a value company?

A key lesson is that evergreens are evergreens. A timeless advice is to hedge with bonds. Even when investors were shorting bonds, good to keep a balanced portfolio. Now, with chip stocks crumbling, investors have fled for safety ie Treasuries, leading to a rally

While we eyeball company level spending on AI, we must not be blindsided by the larger narrative of the marketing demanding greater evidence of ROI. Another note, while Griffen was noted as saying AI is in a bubble, Blackstone President pushed back that notion. So, the jury is still oit

The rally in the US market has resumed after the close of the SGX session. The fundamental underlying AI story is intact as dip buyers moved in. It is noteworthy that Jensen Huang recently said "All of this is going to pass".

Even though PPI was 1% higher than forecast the market rose as it has been reported that the price increase was largely driven by a narrow gauge of commodities and investors ignored the PPI increase. However, are we entering into a situation whereby the cost of waiting outweighs the cost of increasing rates sooner in case inflation doesn't cool fast enough

the CPI increased more than consensus and stock and bonds are currently down. remember what buffet said: when people are fearful, be greedy. I would be buying on the dip

AI trade is in the news again, as per your first story. The pullback by micron, sk hynix is a good positive development. The healthy repricing signals that the market is discipline in requiring the money poured into the AI build out generates long term returns on investment