GJ-HSI @EC2612B

Oracle’s Shares fell and suddenly jump due to their cloud infrastructure revenue increases 121%. Followed by Apple shares rise and Corning signed a new deal with Verizon. Taiwan Semiconductor revenue increases 53.3%.

However, other US stocks, Hang Seng Hong Kong shares and Singapore Straits Times Index and DBS Bank decrease. OCBC Bank still maintains their flat rate. But UOB Bank slightly rises.

Suddenly, Tencent-backed AI chipmaker Enflame surges.

Hope things can go well.

US 30-year bond yield rises to 5.34%, highest level since June 2007.😱😱😱😱😱

I’m curious how apples foldable phone will perform in the long run. All foldable phones have the similar issue of creasing, and apples foldable phone looks to be the same. Was hoping they could have innovated to stand out from the rest of the crowd.

Trade with caution as it is hard to tell what the 16 Sep rate decision will be. The only sure thing is the market will react.

Singapore stocks continue to fall, a 3rd day in a row, which is interesting given how strong and stable our local market has been this year. Nonetheless, rising inflation and increased rate hike possibilities all contributed to the temporary decline, and to be honest, this is a slight pullback compared to how much the stocks have ran in the past 8 months.

Tonight shows 3 different pressures. Apple trying to re-ignite hardware at $3,199. Oil signaling inflation isn’t dead. Bonds saying money is expensive. AAPL flat tells me investors are waiting. Until oil cools or yields drop, every “innovative” launch fights a macro headwind.

Apple should do well and continue to propose based on this foldable model. Though foldable models are not new to market, Apple has always been able to make it better in an aesthetic way and more stylish.

Quiet week so far in the markets other than corporate news for some news. Excitement is all at the FX side on USD and JPY, or even SGD appreciating against MYR.

$SK Hynix(SKHY.US) might be in an break out territory after consolidation for awhile can also slowly DCA into the stock if interested in memory theme. But the overall market is choppy and more bearish sentiment but markets are rising so always beware of big volatile moves to up or downside.

with the heating up of the middle east situation, elevated bond yields and inflation worries, the market looks to be derisking across the board.