Fidelity Nasdaq Composite Index ETF

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.✌️

Aug PCE inflation came in cooler than expected (+0.2% vs +0.3%E headline and core), sending the 10yrTY lower (-1.7bp to 5.22%) and boosting equities (SPX +0.4%, NDX +0.4%) pre-mkt. July PCE was revised downward (+0.1% vs +0.2% prior). This should help growth stocks today.

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.

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 🙄.

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.

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.

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.

William's comments ahead of the PCE signaled that fed is in a waiting and see stance for the immediate near term. Although acknowledging that further hike before year end, his comment against rushing the next decision lowered short-term rate hike probabilities.

Markets are rather poised at the moment. They have done remarkably well in the face of rising yields, oil prices etc. Inflation numbers if lower than expected might provide a boost.

Oil transit through the Straits of Hormuz seems to be picking up so that might indicate that Oman and the US are able to circumvent the blockage. Hence the stance but not surprised with a Taco coming up as well.