---
title: "☕️ [Task Coins Giveaway] Daily Market Talk — A Hawkish Fed, a Split Big Tech, and Now the Jobs Test"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000829892.md"
description: "July went out with a bang and a warning. Big Tech split the tape clean down the middle: $Microsoft(MSFT.US), $Amazon(AMZN.US) and $Alphabet(GOOGL.US) were rewarded for showing returns on AI spend, whi..."
datetime: "2026-08-03T03:16:40.000Z"
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author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)"
generator: "portal-rs"
---

# ☕️ [Task Coins Giveaway] Daily Market Talk — A Hawkish Fed, a Split Big Tech, and Now the Jobs Test

July went out with a bang and a warning. Big Tech split the tape clean down the middle: $Microsoft(MSFT.US), $Amazon(AMZN.US) and $Alphabet(GOOGL.US) were rewarded for showing returns on AI spend, while $Meta Platforms(META.US) and $Apple(AAPL.US) were punished for not. Indices still closed the week higher, but the Nasdaq finished July in the red. Now it all funnels into Friday's July payrolls — and SpaceX's first-ever earnings call. Let's dig in 👇

💬 After a hawkish hold and a split Big Tech, are you adding into the jobs print on Friday — or waiting it out?

## 📊 **Quick Recap — What Moved & Why**

### 🇺🇸 **US — Hawkish Hold, Big Tech Splits**

**🔑 Key Event:** The FOMC left rates at **3.50–3.75%** for a fifth straight meeting on Wednesday, but the vote was 9–3, with three officals dissenting for a quarter-point hike — the first time since September 2016 that three policymakers dissented in the same direction. Equities shrugged it off by Friday: the S&P 500 closed the week **+1.0%** at 7,489.72, the Nasdaq **+1.6%** at 25,373.85 and the Dow **+1.0%** at 52,485.03. The monthly scoreboard was uglier — S&P **−0.1%**, Nasdaq **−3.2%**, Dow **+0.3%** (a fourth straight monthly gain) . VIX ended at **15.99**.

**👀 Other to Watch**

-   $Amazon(AMZN.US) ~**+12%** Friday → Q2 revenue $200.61B (+19.6%), AWS +37% — its fastest since 2021 — and operating income +43% to $27.5B. EPS of $5.75 includes a $53.4B non-cash Anthropic gain; capex is running near $220B a year.
-   $Microsoft(MSFT.US) **+8.1%** to $422.30 → Azure +43%, 30M Copilot seats, RPO of $678B, and FY27 capex guided to $255–260B. The market paid up for proof, not promises.
-   $Apple(AAPL.US) **−7.4%** to $308.91 → FQ3 revenue $109.42B (+16%) and EPS $2.02 (+29%) both beat, but Services ($30.74B) and Greater China ($18.8B) missed, and the Q4 guide of $111.7–113.7B landed under the ~$114.8B Street. Also Tim Cook's last earnings call as CEO.
-   $Meta Platforms(META.US) **−9.6%** to $529 → revenue $60.8B (+28%) beat, but EPS $6.18 missed by ~14%, free cash flow collapsed to $784M from $8.5B, and annual capex guidance was lifted to $130–145B.
-   $Alphabet(GOOGL.US) +6.7% to $356.13 Friday → DeepMind shipped Gemini Robotics 2 / ER 2 / On-Device 2, re-igniting the embodied-AI trade on top of a Q2 that showed Cloud at $24.8B with margin up to 36%.
-   **Macro** → Q2 GDP advance came in at +1.5% vs +2.1% expected, while June PCE cooled to +3.7% YoY (from 4.1%) and core to 3.3%. Soft growth, sticky-but-easing prices — exactly the mix that keeps the committee divided.

### 🇸🇬 **Singapore — Record Run Survives a Late Wobble**

**🔑 Key Event:** The STI opened the week **+0.60%** at a record **5,620.24** on banks and Seatrium, pushed to another record close of 5,713.19 on Wednesday (**+1.7%**), then faded two straight sessions — including Friday's **−0.79%** (−45.08) to 5,628.50 — as banking and industrial heavyweights dragged. From here the local calendar takes over: **DBS reports Q2/1H before the open on Thu Aug 6,** with **OCBC and UOB on Fri Aug 7.**

**👀 Other to Watch**

-   $DBS(D05.SG) **·** $OCBC Bank(O39.SG) **·** $UOB(U11.SG) → all three set record highs in July, and the valuation cushion is thin: DBS traded at roughly 18.6x P/E and 3.05x P/B as of Jul 28, versus long-run averages near 11.8x and 1.51x. NIM, wealth fees, credit costs and any shift in full-year tone will matter more than the headline profit.
-   $SGX(S68.SG) → FY2026 results after the close on Aug 6, same day as DBS. A busy Thursday for the index.
-   $Seatrium(5E2.SG) **·** $YZJ Shipbldg SGD(BS6.SG) → industrials were among the week's better STI performers before Friday's profit-taking; Seatrium traded around S$2.13.
-   **Rates** → with the Fed now flirting with a hike rather than a cut, where SORA settles is the swing factor for bank NIMs into 2H — the single biggest input into the STI's 50%-plus bank weighting.

### 🇭🇰 HK/China — Banks and Gold Lead, AI Still Wobbly

🔑 **Key Event:** Hong Kong quietly had the best week of the three markets. The HSI rose **+3.7%** to 25,884.43 — a fifth straight weekly gain, up from 24,963 the previous Friday. Leadership rotated hard into financials and materials: a possible Fed hike lifted margin expectations, sending BOC Hong Kong to a record (**+10.2%**) and Bank of East Asia **+9.6%** to a three-month high. Hang Seng TECH ended Friday **+0.5%** at 4,829; HSCEI **−0.4%** at 8,612.

**👀 Other to Watch**

-   **China Mainland** → Friday was a tech-led rebound (Shanghai Composite +0.72% to 3,832, Shenzhen Component +2.21% to 13,578, ChiNext +3.06% to 3,343), but July was brutal: the STAR 50 fell −25.9%, its worst month on record, and the Shanghai Composite −6.4%, its biggest drop since March.
-   AI names split → Zhipu rebounded +11.7% while MiniMax slid another −9.3% and now sits only ~19% above its IPO price.
-   Zhongji Innolight (300308.SZ) → fell on its Hong Kong debut despite raising ~HK$53.4B in one of the city's largest listings this year — a caution flag on how much AI supply-chain paper the market will absorb.
-   Policy → China's leadership pledged at Thursday's meeting to push for "breakthroughs in frontier technologies", with analysts reading it as a signal on market resilience and investor confidence.

### **🌍 Other**

-   **Oil** → a violent round trip. Brent slid below $90 on Monday as the US–Iran pause appeared to hold, then jumped +7.9% on Wednesday to $90.74 after Trump threatened to hit Iran hard, and stayed jumpy into Friday when Iran claimed attacks on two tankers transiting the Strait of Hormuz. Even after the weekly pullback, Brent finished July up roughly 24% — its strongest month since March.
-   **Rates** → 30-year Treasury at 5.21% (19-year high), 10-year at 4.67%. A hawkish Fed plus an oil-driven inflation impulse is the combination the long end likes least.
    Gold → back above $4,000/oz, lifting miners across Hong Kong and the A-share market.

## 📅 Key Events This Week

-   🇺🇸 July ISM Manufacturing & June construction spending · today, Mon Aug 3
-   🇨🇳 China July manufacturing PMI · today, Mon Aug 3
-   🇺🇸 Palantir (PLTR) Q2 · today, Mon Aug 3 after close — commercial growth & AIP adoption
-   🇺🇸 SpaceX (SPCX) first-ever results · Tue Aug 4 after close (webcast 4:30pm ET). Street ~$6.7–6.9B revenue — and the IPO lock-up expires two days later on Thu Aug 6, releasing roughly 911.5M pre-IPO shares
-   🇺🇸 AMD Q2 · Tue Aug 4 after close — guided ~$11.2B revenue, Street EPS ~$1.62; watch MI400/Helios timing. Caterpillar pre-market
-   🇺🇸 July ADP & ISM Services · Wed Aug 5 · Earnings: SanDisk, Disney, Uber, Eli Lilly
-   🇸🇬 DBS (D05) Q2/1H · Thu Aug 6 pre-open · SGX (S68) FY26 after close
-   🇺🇸 Jobless claims & Q2 productivity · Thu Aug 6 · Earnings: Datadog, Rocket Lab (RKLB), Lyft
-   🇸🇬 OCBC (O39) & UOB (U11) Q2 results · Fri Aug 7
-   🇺🇸 July non-farm payrolls · Fri Aug 7 — the week's main event. Street ~91k, unemployment seen ticking 4.2% → 4.3%, after June's 57k
-   🌍 Strait of Hormuz / US–Iran headlines · ongoing — the swing factor for oil and the long end

**👇 Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨**

🚫 No duplicates ⏰ Deadline: August 3, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏

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## Comments (28)

- **Dacai · 2026-08-03T15:10:17.000Z · 👍 1**: I’m eagerly anticipating SGX’s upcoming earnings. I think it will be good but the stock price may not always reflect that. It is a somewhat volatile stock.
- **NewUser_oPJWOU · 2026-08-03T14:01:57.000Z**: Big tech rebounds strongly today as we see stocks that were beaten down from earnings like Meta recovering pretty well too. What I'm looking forward to is local market where the banks are going to report closer to the end of the week. Although the US stock market is mostly up tonight, I definitely s
- **NewUser_zS0M8w  · 2026-08-03T13:53:41.000Z**: Most of the Mag 7 stocks are up tonight while memory stocks slide once more as the bulls try to suppress the overall bearish sentiment in the memory sector. A healthy pullback from what I see after an astounding rally since the start of the year, with stocks like Micron running as high as $1100 from
- **LazyCat · 2026-08-03T10:54:47.000Z · 👍 1**: This earnings season will be very interesting with regards to the 3 big banks, especially DBS. With it's valuation at record highs, are we looking at perfection being priced in, or it's really worth its weigh in gold. Add more to catch a rip or take partial profits to sleep well? Hmmm, it's tough to
- **dingdongbell · 2026-08-03T06:37:05.000Z · 👍 2**: Its a weekly oil story. Like a gift for oil traders. You buy when market opens for week because that is when they de escalate and then sell when they start staring at each other again towards the weekend.
- **koolgal · 2026-08-03T06:35:49.000Z · 👍 2**: 🌟🌟🌟All eyes will be on Singapore's Big banks this week as they report their Q2 2026 earnings.  The macro narrative for this earnings season is a thrilling tale of a structural pivot.  The era of making easy money purely off high interest loans is cooling off.  Instead a new hero has emerged to rescu
- **TheRaccoonAnalysis · 2026-08-03T06:29:18.000Z · 👍 1**: The FOMC kept rates unchanged at 3.50–3.75%, but the 9–3 vote, with three members favoring a rate hike, suggests growing concern about persistent inflation. Despite the hawkish split, equities advanced over the week, indicating investors remained focused on earnings and economic resilience rather th
- **NewUser_Unm6i · 2026-08-03T06:12:14.000Z · 👍 1**: Reward to Microsoft, Amazon and Alphabet for their AI spend shows returns. Good news. But quite sad for Meta Platforms and Apple. But still believe they can improve.Local banks set record high. And Seatrium and YZJ Shipbuilding performs better. Three Hongkong markets rose. But there are markets not 
- **Crazy rich · 2026-08-03T06:07:51.000Z · 👍 1**: the pb bothers me more than the pe honestly. 3.05x against a 1.51x long run average, and thursday is only dbs, ocbc and uob dont report till friday. you can get the dbs print right and still get the sector wrong 48 hours later. trimmed above 74 last week and not adding back this week
- **Bluegate1104 · 2026-08-03T05:57:51.000Z · 👍 1**: waiting, and not only for payrolls. gdp printed 1.5 against 2.1 expected while core pce is still 3.3, which is exactly the split that gets you three dissents. brent back near 90 and the long end at 19 year highs means friday has no good version for anything levered
- **NewUser_ThinkSwim · 2026-08-03T05:49:38.000Z · 👍 1**: Palantir share price might drop before rebound. It is better to DCA slowly after it has already dropped considerably. Overall market is still near all time high so make caution with position size whenever you are thinking of going all in.
- **win win · 2026-08-03T05:48:15.000Z · 👍 1**: Crude oil prices drop from ninety dollars to near seventy nine dollars. In the hopes of the US and Iran a new talk takes place. Don't think it could be settled very soon
- **Fair_Lemon5303 · 2026-08-03T05:48:10.000Z · 👍 1**: im in the adding camp but not before wednesday. amazon guiding capex to 220b annualised is the only number in this whole post that matters to me, and sndk prints wednesday not friday. still deep underwater on mine from 1400 🤡 so weigh that accordingly
- **Fattycat · 2026-08-03T05:36:54.000Z · 👍 1**: Most REITs are RED today . What happen? Pray for the best to come. 🥺🥹❤️
- **NewUser_CkrdqW  · 2026-08-03T05:30:25.000Z · 👍 1**: Stocks are back to near all time highs as high beta companies lead the way in the rebound. STI falls back a little for the first time in a long time as the three major local banks report earnings this week. Long term wise still not 100% convinced that we will be going up too much with macroeconomic 
- **Vt3 · 2026-08-03T05:09:26.000Z · 👍 2**: Apparently left only the big 4 holding up the US stocks lately. $NVIDIA(NVDA.US)is going up & $Taiwan Semiconductor(TSM.US)too. As for $Micron Tech(MU.US)& $Sandisk(SNDK.US)it may turnaround on its roller coaster after past weeks performance. 🐂🐂🐂🐂🎯🎯🎯🎯🆙⬆️ lets 👀 ya!
  - **Fattycat** (2026-08-03T05:17:11.000Z): Palantir’s share price did not move much. 2Q 26 Earnings announcement today after US market close. I am waiting for it to go lower. 🤭
  - **Vt3** (2026-08-03T05:40:28.000Z): Me2 but slow this stock I last made a Starbucks in Mar 🧋but priced $153 that high
- **Heroic Lifesaver · 2026-08-03T05:02:59.000Z · 👍 3**: Oil remains elevated into the weekend close with a nervy market and opens the week lower after the middle east stand off eases again as market reopens. Have we seen that script before? 🤓
- **Rainwijaya · 2026-08-03T04:47:40.000Z · 👍 2**: Big week ahead with earnings, payrolls, and central market data. I’m watching how companies execute instead of just headlines. Volatility could create opportunities for patient investors this week.
  - **Fattycat** (2026-08-03T05:17:37.000Z): Yes 👍
- **Victor y · 2026-08-03T04:20:23.000Z · 👍 1**: SG markets the spotlight remains on the major bank earnings, which are likely to determine the STI's near-term performance. If yields stabilize and corporate earnings remain resilient, the outlook remains constructive. However, a further rise in long-term yields could trigger continued rotation towa
- **Fattycat · 2026-08-03T04:02:29.000Z · 👍 2**: This will be a big week for Singapore banks! Their earnings results will likely decide where the STI heads next. Fingers crossed for good numbers. But remember: high expectations can turn into big disappointment if results fall short.Next, Morgan Stanley has just upgraded South Korean equities from 


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