---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000781199.md"
description: "🦎 IGGY MORNING BRIEF, 8 July 2026☕ SGX opens 9 AM SGT. Here is the setup.Wall Street pulled back after two strong sessions. Dow -0.25%, S&P 500 -0.45%, Nasdaq -1.16%. Weakness was led by semiconductors after Samsung flagged a cautious outlook despite record profit, alongside reports China’s DeepSeek is developing its own AI chip. Oil jumped over 5% on a tanker attack near Hormuz and tighter Iranian supply, with VIX ticking up to 16.13. Takeaway: AI trade still volatile, and a soft US session does not automatically translate to SGX weakness.STI closed strong at 5,342.24 (+1.57%) despite late US softness. Banks drove the move with solid turnover in DBS, OCBC, UOB. Brent now above 76 and USD/SGD at 1.2919. Today’s focus is not Wall Street follow-through, but whether bank-led momentum holds after a hot run.👁 $DBS(D05.SG) +2.59% to 68.64Zone 2 Watchlist. Capital is strong and earnings at record levels. Current headline yield relies on capital return running through end-2027, not just ordinary dividend. This is a yield structure issue, not balance sheet risk.👁 $OCBC Bank(O39.SG) +3.33% to 26.34Zone 1 Fortress on balance sheet strength. Ordinary yield under 4% at current price, below my hurdle. Income case improves only on price pullback or dividend growth.👁 $UOB(U11.SG) +2.89% to 41.69Still Preliminary. Holding until 7 Aug earnings before assigning a formal grade.SingTel lagged yesterday (-1.57%) while banks rallied. Not the main story, but worth noting. No confirmed early movers yet this morning.Game plan: Watch if Tuesday’s bank rally has continuation or fades after softer US tech sentiment. Oil above 76 adds a cost pressure angle across sectors. No change to framework. Strong price action is not a reason to relax yield discipline.Not financial advice. Iggy’s Forensic Compliance Standards apply."
datetime: "2026-07-08T00:38:08.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000781199.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000781199.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000781199.md)
author: "[TheInvestingIguana](https://longbridge.com/en/profiles/22116548.md)"
generator: "portal-rs"
---

# 🦎 IGGY MORNING BRIEF, 8 July 2026☕ SGX opens 9 AM …


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**