What's on your mind?
Today’s report on SpaceX had debt to purchase chips from Nvidia. Why do they have to be in debt to buy chips? Isn’t buying with their capital will be better?
S&P 500, Dow, Constellation Energy, Vistra, Marvell Tech, and AMD US Stocks increase.
Local stocks for Straits Times and Top Glove rise.
And finally Hang Seng Hong Kong stocks gains positive.
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...
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.
Today, local banks fell.
But US stocks S&P 500 +0.7%, Nasdaq +1.2%, Dow +0.5%. Nvidia, Morgan Stanley, and Broadcom increase.
However, Western Digital, Seagate Tech, SanDisk, and Micron US Stocks decrease.
AEM SGD Singapore stock rises.
A new news for Far East Orchard to buy 42% of Far East Hospitality Trust.
From today you can buy DBS, OCBC, UOB and SGX in lots of 10 instead of 100. SGX itself fell 7% on Friday with no announcement behind it. In the US, September added just 29,000 jobs, October hike odds ...
US 10-Year Yield Hits 5.29% as S-REITs Trail the STI This Year
Thu 1 Oct 2026 | Morning
The Numbers
Overnight in the US, the Dow closed at 50,906.05 (-0.86%), the S&P 500 at 7,651.54 (-0.25%) and the Nasdaq at 26,861.06 (+0.24%). Bloomberg, via Swissinfo, attributes the drop in the Dow and S&P 500 to high bond yields, with the 10-year Treasury at 5.292%, its largest quarterly yield gain since March 1994. Brent settled at US$103.53. USD/SGD is 1.2776. The STI closed Wednesday at 5,689.52 (-0.44%), and SGX opens at 9am on the first trading day of October.
The Smart Investor puts the STI about 23% higher this year and the iEdge S-REIT Index about 12% lower on a price basis, and lists three reasons: higher-for-longer rates, refinancing costs as older low-cost debt matured, and weaker overseas currencies. Separately, MAS opened a consultation on targeted updates to corporate governance requirements for banks, insurers and designated financial holding companies, and BT reports Blackstone's Gautam Banerjee has joined the DBS board.
My Personal Take
Yesterday morning I said I did not have a Singapore print showing the US move arriving. I still have no SGS yield this morning, and I noticed I was ready to accept the S-REIT figure in its place. It is a price index, and The Smart Investor gives three reasons, so I cannot assign the 12% to rates alone. The refinancing point does fit the 27 September video's argument that the risk moved into REIT balance sheets, but one source's list is not a test. A 10-year SGS yield print would tell me whether the Singapore bond market agrees. 🦖
Not financial advice. Iggy's Forensic Compliance Standards apply.
Latest figures show inflation cooling and growth strong. Core PCE fell to 3.0% year on year and 0.2% month on year, both below forecasts. GDP grew 2.2%, beating the 1.5% estimate.
This means rate hikes are likely off the table for now.☺️
But watch this Friday’s NFP closely. The jobs report is critical. Strong hiring and wages could still bring a hike back into play. Softer numbers would confirm the pause and build the case for future cuts.✌️
Fed's Williams saw "no need for urgency" on the next hike, cutting October odds to a coin flip ahead of tonight's PCE. Then Micron reports before dawn Thursday, with Street targets from $1,100 to $2,0...
The market will be choppy or wild because of earnings so be cautious and DCA if you are interested in the stock on a long time horizon which is more than 5-10 years. If there any release of tweet or macro problems the market will implode from buy the rumor sell the news event. So chill and relax for the day may not be a bad decision.
Fed's Williams saw "no need for urgency" on the next hike, cutting October odds to a coin flip ahead of tonight's PCE. Then Micron reports before dawn Thursday, with Street targets from $1,100 to $2,0...
MAs is placing $1.45b with five more asset managers to boost Singapore equities market. Do you think it helps?
Honestly, 1.45b compare to Singapore market size of 1.25 trillion 🙄.
Fed's Williams saw "no need for urgency" on the next hike, cutting October odds to a coin flip ahead of tonight's PCE. Then Micron reports before dawn Thursday, with Street targets from $1,100 to $2,0...
I’m a very simple investor. I just check how my stocks are doing daily and whether there are any developments that affect my stocks. Since my portfolio is heavy on finance, reits with a small portion in tech, interest rate movement is the one I pay most attention to. For stocks I’m long on, short term price movements don’t matter so much. PCE will affect my portfolio more, I guess.
Fed's Williams saw "no need for urgency" on the next hike, cutting October odds to a coin flip ahead of tonight's PCE. Then Micron reports before dawn Thursday, with Street targets from $1,100 to $2,0...
August PCE is the key macro catalyst, with markets focused on whether inflation remains sticky at the expected 3.7% headline and 3.3% core levels. A hotter reading could reinforce higher-for-longer rate expectations and pressure equity valuations, while a softer result could ease Treasury-yield and Fed concerns. Micron’s upcoming earnings are another major catalyst, particularly for AI-related semiconductor demand and memory pricing. The modest declines across the Dow, S&P 500 and Nasdaq suggest investors are maintaining a cautious stance ahead of both events, with PCE likely setting the broader macro tone.
Fed's Williams saw "no need for urgency" on the next hike, cutting October odds to a coin flip ahead of tonight's PCE. Then Micron reports before dawn Thursday, with Street targets from $1,100 to $2,0...
Inflation numbers will be key. If inflation surprises and goes lower, that will give a market that has been resilient so far impetus to fly.
Fed's Williams saw "no need for urgency" on the next hike, cutting October odds to a coin flip ahead of tonight's PCE. Then Micron reports before dawn Thursday, with Street targets from $1,100 to $2,0...
