SPY is 3% from its high and a lot of you are down 20%. Both are true right now, and that gap is where traders make the worst decisions of their year. Read this before you sell your best names or buy another weekly put.
No AI involved, hand written.. 👇
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$VG S&P 500(VOO.US)
Context: VOO ended the week lower, but I’m still focused on building long-term exposure to the S&P 500. I’ve only just started my investment journey, so these pullbacks are an opportunity to think about how aggressively I want to build my position.
My trade: Holding my existing shares and considering a lump-sum addition if the S&P 500 approaches its 200-day moving average.
Takeaway: I’m starting small, but willing to deploy more capital if the market offers a more attractive entry.
Trade Showcase: Trade, Show & Earn Rewards! - S
Bloodbath is starting! Lets go
Featured☕️ [Task Coins Giveaway] Daily Market Talk — Western Digital Beats, Chip Stocks CrumbleWestern Digital grew revenue 55% and raised its dividend, then fell 6%. Lam Research beat and fell twice as hard. At home, banks slip while REITs bounce. Let's dig in 👇💬 Chip stocks are selling off on...
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All US stocks are falling.
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Iggy’s Journal: Singapore Consumer Prices Rose 2.2% in September. The 6-Month T-Bill Cleared at 1.95%
Saturday 24 Oct 2026 | Morning
The Numbers
STI: Friday’s close was 5,422.16, up 7.02 points or 0.13%, per Trading Economics citing SGX data.
Wall Street on Friday, in a session that ran after SGX had closed: the Dow finished at 52,215.16, down 652.82 points or 1.23%. The S&P 500 finished at 7,623.68, down 39.75 points or 0.52%. The Nasdaq finished at 25,955.34, down 53.52 points or 0.21%. The Associated Press tied the retreat to rising crude oil prices, which raised inflation and interest rate worries, and reported the 10-year Treasury yield at 4.99%. Singapore trades next on Monday at 9am.
Singapore data released on Friday: consumer prices rose 2.2% year on year in September, and 0.2% from August (SingStat). The HDB resale price index fell 0.1% from the second quarter to the third, while resale transactions rose 19.5% over the same period (HDB and SingStat). Private residential prices rose 1.4% on the quarter, and the office and retail space price indices rose 0.8% and 1.1% (URA and SingStat).
For comparison, the MAS 6-month T-bill cut-off yield was 1.95% at Thursday’s auction, and the November Savings Bond pays 1.67% if redeemed after one year (Little Big Red Dot).
My Personal Take
Of everything released on Friday, the 2.2% is the figure I would put next to every savings rate this week. Thursday’s T-bill auction cleared at 1.95%, which is 0.25 percentage points under that inflation rate, and the November Savings Bond’s first-year 1.67% is 0.53 under it. The comparison is rough, because a yield looks forward and a price rise looks back. Even so, the question I now ask of a safe rate is whether it clears 2.2%.
Cheers, Iggy 🦖
Not financial advice. Iggy’s Forensic Compliance Standards apply.
Long image
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US companies are now sitting on a record $1.3 trillion in stock buyback firepower
Buyback authorizations have hit a record $1.305 trillion so far in 2026, up about 13% from $1.151 trillion in all of 2025, per Goldman SachsCitadel Securities' count using EventVestor data shows $1.33 trillion authorized by Russell 3000 companies through Sept 29, the most ever at this point in a yearThe catch is most of that money has been stuck on the sidelines during earnings blackoutsGoldman says only 12% of S&P 500 companies were in an open buyback window this week, with another 22% exiting blackout by the end of the weekBuyback activity since the start of October has run about 40% below the year to date daily averageAnd this isn't just paper, S&P 500 companies bought back 15% more stock in the first half of 2026 than a year earlier, with Q2 up 20%Authorizations aren't guaranteed spending, but the single biggest buyer of US stocks is just getting its window back heading into November, historically the busiest month for buyback executions. That's a lot of quiet support sitting under this marketSource: StockMarket.News
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The best way to value high growth companies is using DCF (discounted cash flow) with multiple stages of growth rather than relative multiples or P/E relative to growth. With DCF, one can estimate the free cash flow assuming t1 years of super growth, t2 years of transition growth, and then perpetual or steady state growth. Contrary to what many value investors will tell you, perpetual or steady state growth for a company can exceed the growth in nominal GDP if the company has permanent advantages (first movers’ technology, patents, distribution, brand) that aren’t likely to be arbitraged away as more competitors enter the market.
Most important is to come up with an appropriate cost of equity to discount the equity free cash flows that reflects the riskiness of the stock, which can be higher or lower than the S&P 500 cost of equity. The reason DCFs are better than relative multiples as measurement tools is the latter tend to be arbitrary especially in a market such as today where multiples are high relative to history. - N
S&P had one of its bigger one day drops yesterday in nearly 3 months as the broad selling continues. Chips sector was hit amongst the hardest, while consumers and other defensive stock gained a little. Back at home tdy, Reits gained quite a bit while banks held around the same.
Featured☕️ [Task Coins Giveaway] Daily Market Talk — Western Digital Beats, Chip Stocks CrumbleWestern Digital grew revenue 55% and raised its dividend, then fell 6%. Lam Research beat and fell twice as hard. At home, banks slip while REITs bounce. Let's dig in 👇💬 Chip stocks are selling off on...
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When will the selling stop? High beta stocks are getting hit the hardest as investors pull out of the stock market to turn to bonds with higher yields amidst a relatively unstable equities market and expectations for yet another interest hike soon.
Featured☕️ [Task Coins Giveaway] Daily Market Talk — Western Digital Beats, Chip Stocks CrumbleWestern Digital grew revenue 55% and raised its dividend, then fell 6%. Lam Research beat and fell twice as hard. At home, banks slip while REITs bounce. Let's dig in 👇💬 Chip stocks are selling off on...
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$VG S&P 500(VOO.US)
Context: The S&P 500’s 7,600 level is a key support to watch, coinciding with the 100-day moving average. I’m keeping an eye on whether the index can hold this level or if further downside is coming.
My trade: Using VOO as my S&P 500 proxy, I’ve started accumulating and may add more if the index breaks below support.
Takeaway: I’ll continue my monthly DCA, with deeper pullbacks offering opportunities to average down.
Trade Showcase: Trade, Show & Earn Rewards!
