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Western 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...
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.
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.
Western 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...
a bit of a reflection on this, $OCBC Bank(O39.SG) just because something's gaining doesn't mean I can't sell part of my holdings...
Looking forward to REITs share prices adjusting upwards, I believe they’re current abit undervalued as compared to the yield they offer.
Western 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...
Dow Jones Industrial Average and Apple stocks rise out of other US stocks.
Singapore stocks Frasers Cpt Tr and Lion Phillip S-Reit are up now, but Straits Times Index slightly negative, Sea is negative and local banks ease.
Hong Kong stocks lower, but Xiaomi increases.
For now, the 10-year Treasure yield fell. For the first time, gold and silver fell below its usual price.
Hope situations will improve.
Western 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...
I believe the market pullback is healthy especially in tech. Much needed if we want the bull market to continue which has been pretty resilient considering all the headlines and narratives.
Western 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...
money rotating out of AI related stocks and moving into safer stocks and places. reits moving upwards finally after declining for so long, hope it lasts. for the brave and tech believer, now also good chance to dca into those tech stocks that youre aiming.
Western 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...
Good to see yields dropping, but.. people are still expecting military actions. Midterms is also coming soon, uncertain on what Trump is going to do next
Western 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...
The market reaction highlights the distinction between beating current expectations and demonstrating the ability to sustain future growth. For investors, the key questions are how quickly supply bottlenecks can ease, whether pricing power can offset cost pressures, and whether elevated AI-related semiconductor spending translates into stronger cash flow. Until visibility improves, strong results alone may not support higher share prices, particularly if valuations already reflect substantial growth expectations.
Western 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...
