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Closed: Oct 22, 16:00:00 (EDT)
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  • S
    StockMarket.News

    Oil just swung $6 a barrel in three hours on a single unconfirmed headline

    Brent crude hit $111.97 early this morning, near a five-month high, then plunged to $105.95 after Qatari-owned outlet Al Araby Al Jadeed reported that Qatar and Pakistan had brokered a US-Iran "compromise proposal" with preliminary approval from both sides

    WTI December futures made the same trip, from $101.37 down to $95.25

    The reported terms were tiny. Iran would get the interest on $6 billion of frozen funds held in Qatari banks, and in return would allow a secret, unannounced IAEA inspection of its nuclear sites

    Then a person involved in the talks said negotiations are continuing but reports that a deal is close are wrong

    Brent is now back above $108 and WTI back above $97, while the 10-year Treasury yield that dipped to 5.07% on the deal hopes is back near 5.10%

    This is a market with almost no cushion left. The US Strategic Petroleum Reserve is at its lowest level since 1982, at least 18 ships have come under fire around Hormuz in two weeks per Kpler, and Trump has pledged no new strikes before the November 3 midterms. With supply this tight, every headline out of Tehran is a $6 coin flip, and traders are pricing rumors faster than anyone can confirm them

    Source: StockMarket.News

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  • T
    TheInvestingIguana
    Featured

    Iggy’s Journal: US Chip Shares Recover Before SGX Opens

    Tue 20 Oct 2026 | Morning

    The Numbers

    The STI closed Monday 19 Oct at 5,412.00, down 3.53 points or 0.07%. Wall Street traded after SGX had closed. The S&P 500 closed at 7,690.73 (up 0.41%), the Nasdaq at 26,430.89 (up about 1.1%) and the Dow at 51,966.03 (down 0.07%). The Associated Press said AI and chip shares recovered some of last week’s losses while most US shares outside AI and tech fell, and that bond yields rose worldwide after sprotests in Europe. December Brent settled at US$109.55 a barrel, down 0.28% (Dow Jones Market Data via Morningstar).

    Two SGX filings were published on Monday. Q & M Dental’s CEO, Dr Ng Chin Siau, saw his deemed interest rise from 54.55% to 55.66% after S$5.80 million of purchases between 9 and 15 October. GuocoLand’s chairman, Quek Leng Chan, saw his deemed interest rise from 71.87% to 71.94% after S$1.64 million of purchases between 7 and 12 October.

    Mothership reported Senior Minister K Shanmugam saying SGX is questioning seven listed agriculture and plantation companies over possible links to Indonesian concession fires.

    My Personal Take

    These two filings landed the day after the episode on insider buying, which made them easy to test. Q & M Dental’s purchase cost about 3.5 times GuocoLand’s and moved the stake by 1.11 points against 0.07, roughly 16 times as much. Divide the dollars by the points and one point of stake cost about S$5 million at Q & M Dental and about S$23 million at GuocoLand, both approximate because the percentages are rounded.

    That is now my routine for any insider filing. First I write down two numbers: how many points the stake moved, and what each point cost. Only then do I open the company’s own announcement to see what it says. A chairman who already holds 71.87% and moves 0.07 points is a different fact from a founder going from 54.55% to 55.66%, and the dollar amounts hide that.

     

    Cheers, Iggy 🦖

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  • S
    StockMarket.News

    The US Energy Secretary says "dozens to hundreds" of sanctioned shadow fleet tankers could be turned into legitimate ships, as hiring a single supertanker still costs about $1.37 million a day

    Chris Wright said Monday the US is converting sanctioned dark fleet tankers into legitimate tankers, per FirstSquawk and Newsquawk. He also said talks with the UK on releasing diesel stocks are continuing

    The relief would run case by case. Buyers or owners would apply to Treasury's OFAC, and officials say it would not let Russian or Iranian oil move, per Reuters

    The goal is cheaper freight. A supertanker from the Middle East Gulf to China earned about $1.37 million a day last week on Baltic Exchange data, just off the record highs set since the Iran war began

    Brent is still around $108 after settling Friday at its highest since May 19. Kpler says attacks cut Gulf crude flows to about 8.5 million barrels a day last week, and a tanker hit a mine in the Strait of Hormuz on Sunday

    The catch is the fleet itself. Kpler tracks about 160 supertankers under US sanctions, roughly 22% of the commercial fleet. 46 are more than 20 years old, and only about 24 could realistically rejoin global trade once Iran's state tanker company is excluded

    Many lack class certificates and credible insurance, and licenses to sell a sanctioned ship can take months or even years

    Freight futures already tumbled on the first reports last week, and the WTI discount to Brent narrowed to about $10.42 from $14.17, its widest in over five months

    This looks like a policy that moves freight futures faster than it moves ships. Two dozen old tankers won't fix a choke point, so real relief for oil and inflation still runs through Hormuz, not Treasury paperwork. The WTI to Brent spread is the cleanest place to watch whether it's working

    Source: StockMarket.News

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  • G
    Gary Black Tracker

    U.S. stocks were mixed pre-market (SPX unchanged, NDX -0.4%) as the global chip selloff persisted, with Samsung and SK Hynix plunging in Asia. Brent fell 1.5% to $105 as Saudi Arabia intercepted Houthi missiles and President Trump threatened to get involved on Saudi Arabia’s behalf. The 10-year treasury yield eased 5.0bp to 5.19%. Banks kick off Q3 earnings today followed by tech heavyweights $ASML(ASML.US) and $Taiwan Semiconductor(TSM.US) later this week. Sept CPI is due tomorrow, and Fed Chair Kevin Warsh speaks on Friday at an IMF-World Bank event.

    S&P 2026 EPS estimates of $367 continue to rise (+32% YoY) and imply a 21.3x P/E and 4.7% yield, remaining inverted versus Treasuries, a rare setup outside the late-1990s dot-com bubble. Treasury yields are expected to retreat as the Iran conflict ends. I remain cautious on TSLA given its extended valuation, negative forward earnings revisions, and autonomous driving commoditization by competitors.

  • T
    Tiffany lover

    Brent crude oil returned above $101 this morning amid Iran's intensified attacks on ships; at least 9 incidents have occurred in the Strait of Hormuz since October.

    Instability in the Middle East is expected to persist, but oil price fluctuations haven't halted the decline in gold and precious metal prices.

    This requires further observation.

    C
    Captain's Watch
    ☕️ [Task Coins Giveaway] Daily Market Talk — SpaceX Eyes $40B Chip Loan

    The S&P 500 and Nasdaq closed at records again, and SpaceX is reportedly lining up US$40B of debt to buy Nvidia chips. Under the surface it was messier: Seagate sank -9.2% while nuclear power names ri...

  • T
    TheInvestingIguana
    Featured

    Nasdaq Hits a Record While the US 10-Year Yield Reaches a 52-Week High of 5.315%

    Tue 6 Oct 2026 | Morning

    The Numbers

    On Monday the Dow closed at 51,267.90 (+0.18%), the S&P 500 at 7,773.99 (+0.66%) and the Nasdaq at a record 27,477.31 (+1.05%). TheStreet credits mega-cap technology and M&A, led by PTC, up roughly 33% after Schneider Electric agreed to buy it for US$22 billion in cash, and notes the 10-year Treasury yield rose 3.8 basis points to a 52-week high of 5.315%. Brent settled at US$100.32 (-1.89%) on ICE futures, from US$102.25 on Friday. Trading Economics and HDFC Sky attribute the fall to reports of expanding Middle East supply and expectations around the G7 reserve release. USD/SGD is 1.2794.

    The STI closed Monday at 5,664.33 (+0.52%), recovering most of Friday's 32.85 point fall, per Trading Economics. The S&P Global Singapore PMI eased to 58.1 in September from a record 59.4 in August, the 19th month of expansion, with input price inflation at a survey record because of vendor shipping delays. SGX opens at 9am.

    My Personal Take

    On Saturday I told you AP had yields falling after the jobs report, and that I did not have the close. I have it now. TheStreet has the 10-year up 3.8 basis points to 5.315% on Monday, which puts Friday's close near 5.28%. On 1 October it was 5.29%. I had read the weak payroll number as a turn in yields, and as far as the close shows, it left very little mark. What I still do not have is a Singapore print. My last SGS figure is 2.49% from 1 October, so I cannot say whether Singapore followed the US this week. 🦖

    Not financial advice. Iggy's Forensic Compliance Standards apply.

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  • J
    Jaces

    cutting lots is just giving citizen a hope of owning shares. but what is the after effect? will it drive the price up or down?

    TTheInvestingIguana

    SGX Cuts the Board Lot for DBS, OCBC and UOB From 100 Shares to 10 Today

    Mon 5 Oct 2026 | Morning

    The Numbers

    From today, SGX board lots fall from 100 units to 10 for 11 counters, including DBS, OCBC and UOB, per SGX and Beansprout. At Friday's closes (DBS S$77.21, UOB S$43.11, OCBC S$31.66), one lot costs about S$772, S$431 and S$317, against about S$7,721, S$4,311 and S$3,166 before. SGX opens at 9am. The STI closed Friday at 5,634.82 (-0.6%) and ended September 1.4% lower, with five constituents positive for the month, per Beansprout.

    On Wall Street Friday, the Dow closed at 51,176.96 (+0.49%), the S&P 500 at 7,722.72 (+0.73%) and the Nasdaq at 27,190.86 (+1.19%). AP attributes the rally to the September jobs report, with payrolls up 29,000, below expectations, and unemployment at 4.2%, which curbed expectations of Fed rate hikes and pushed Treasury yields lower. Brent was US$102.25 (-0.06%) per EnergyNow, which links the flat finish to the G7's 100 million barrel reserve release. USD/SGD is 1.2793.

    BT reports CDL's Lucerne Grand sold 350 of 570 units (61%) at an average S$2,480 psf over its launch weekend.

    My Personal Take

    Yesterday I measured DBS, UOB and OCBC as 14%, 27% and 67% away from my 4.7% hurdle. It took me a moment to see that the lot change moves none of those numbers. It cuts the cash for one lot to a tenth, while the yield is the same payment over the same price. Saturday I said a Monday SGS print would show whether Singapore follows the US move down. I do not have one at this hour. I will watch turnover in the 11 counters over the first weeks, and one day of volume would not settle it. 🦖

    Not financial advice. Iggy's Forensic Compliance Standards apply.

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  • T
    TheInvestingIguana
    Featured

    SGX Cuts the Board Lot for DBS, OCBC and UOB From 100 Shares to 10 Today

    Mon 5 Oct 2026 | Morning

    The Numbers

    From today, SGX board lots fall from 100 units to 10 for 11 counters, including DBS, OCBC and UOB, per SGX and Beansprout. At Friday's closes (DBS S$77.21, UOB S$43.11, OCBC S$31.66), one lot costs about S$772, S$431 and S$317, against about S$7,721, S$4,311 and S$3,166 before. SGX opens at 9am. The STI closed Friday at 5,634.82 (-0.6%) and ended September 1.4% lower, with five constituents positive for the month, per Beansprout.

    On Wall Street Friday, the Dow closed at 51,176.96 (+0.49%), the S&P 500 at 7,722.72 (+0.73%) and the Nasdaq at 27,190.86 (+1.19%). AP attributes the rally to the September jobs report, with payrolls up 29,000, below expectations, and unemployment at 4.2%, which curbed expectations of Fed rate hikes and pushed Treasury yields lower. Brent was US$102.25 (-0.06%) per EnergyNow, which links the flat finish to the G7's 100 million barrel reserve release. USD/SGD is 1.2793.

    BT reports CDL's Lucerne Grand sold 350 of 570 units (61%) at an average S$2,480 psf over its launch weekend.

    My Personal Take

    Yesterday I measured DBS, UOB and OCBC as 14%, 27% and 67% away from my 4.7% hurdle. It took me a moment to see that the lot change moves none of those numbers. It cuts the cash for one lot to a tenth, while the yield is the same payment over the same price. Saturday I said a Monday SGS print would show whether Singapore follows the US move down. I do not have one at this hour. I will watch turnover in the 11 counters over the first weeks, and one day of volume would not settle it. 🦖

    Not financial advice. Iggy's Forensic Compliance Standards apply.

    图片 1,共 1 张Long image