Mirae Asset Global Investments Co., Ltd.

This week looks event-driven, with US CPI and PPI likely to set the tone for rates and equities. Softer inflation could support risk assets and tech, while hotter prints may revive Fed concerns and pressure valuations. Oil and Hormuz tensions remain another key wildcard, keeping inflation and volatility risks elevated.

$Tencent 5xLongSG270930(PSJW.SG)New week, same Tencent position. This one has really tested my patience over the past few weeks. We went from being quite deep in the red, recovered back into profit, dropped again, and now we’re sitting almost exactly around my entry level again.

For me, that price action actually makes this week quite interesting. Tencent has shown that buyers are still willing to step in after weakness, but at the same time there hasn’t been enough momentum yet to produce a clean breakout. So rather than focusing too much on whether I’m slightly green or red on the position, I’m watching whether the underlying stock can finally establish a stronger direction.

Fundamentally, I still like the Tencent story. Gaming remains a major cash generator, advertising has become increasingly important, and AI/cloud could provide another growth engine over the longer term. The key for me is whether earnings growth can continue supporting the valuation and whether sentiment toward Chinese tech remains constructive.

This is also a 5x DLC, so patience has to come together with risk management. Sideways movement is not necessarily harmless when leverage is involved, and I don’t want to hold simply because I’ve already spent so much time waiting for it.

For this week I’m giving the position some room. If Tencent can regain momentum and buyers start pushing it through the recent range, I think the risk/reward becomes much more interesting. If the underlying thesis or price structure starts breaking down, then I’ll reassess instead of getting emotionally attached to the trade. @Captain's Treasure

$Microsoft(MSFT.US)Microsoft has nearly recovered its entire year-long decline in less than a week after earnings, which highlights just how extreme market sentiment has become. When investors lose confidence, stocks can be punished aggressively, but once a strong catalyst appears, the rebound can be equally violent.

The reaction also shows how much the market is focused on proof rather than promises. Before the earnings report, concerns around AI spending, capex intensity, and uncertain monetization weighed heavily on sentiment. After Azure growth and AI demand provided reassurance, capital quickly rushed back in.

This kind of price action suggests the market is becoming less forgiving during uncertainty, but also more aggressive when confidence returns. For mega-cap tech, one strong earnings report can completely change the narrative.

@Captain's Treasure

The fickleness of the US Iran diplomacy is the only constant. The oil price and US market flip at every turn of event, causing a lot of volatility. It's amazing we've been able to avoid rate hikes so far and indices are still making record highs. Nonetheless, SGX is still my safe haven for its steadiness.

Historically, August could be a volatile month with some of the heaviest losses occurring in the eight month of the calendar year in the past. However, we actually have strong rebounds to kick off the month, led by the traditional tech companies, with Citadel citing the bullish run for stock market is far from over.

The major indices are going strong and markets that usually support a bull market like the financials are strong as well. Coupled with apprehension and doubt, I am not quite sure the top is in yet. Maybe close but the markets look like its about to take off again.

Well that was a nice reversal for the major US indices as they started on the low trapping the bears and gained strength as the day progresses. Result: Nice daily green candles all round. Volume is low though. Will we get a follow through day? Day 4-7 after a rally off the lows is when that usually happens. Go bulls go!

I am rather surprised that US and Japan joined hand to intervene YEN. My read: American is under threaten by Japanese. If US don’t buy YEN, BOJ will dump its massive $1.14T+ Treasury pile which would have sent yields rocketing and hurt stocks far more.

Am I correct? Trump and Takashi in the same boat now. Both depends on each other 🤣.No more “Pearl harbour “ story 🤭

great earnings that prove that AI is having positive economic impact has brought the market back up, plus the hope for the strait being under US control leading to a higher chance the conflict can be resolved is what has driven this move up. we are still in a headline sensitive environment so we should still be aware and manage our risk properly, nothing can continue going up forever but we must stay invested to be part of the gains

War on Iran. The two countries are always confused by many people. US says negotiations are on the way, Iran is desperate to seal the deal, but Iran say not true.

$NVIDIA(NVDA.US)

Nvidia looks tired at these levels. For the past two weeks, she has been consolidating in a tight channel undecided where to go. AMD looks much stronger consolidating at around the ATH levels. AVGO looks similar to Nvidia as well as TSM.

And Tech is looking for a direction as well. It looks like it wants to bottom. The bounce will be telling to see if it will make rally to new high.

@Captain's Treasure

$McDonald's(MCD.US)#Trade Showcase: Trade, Show & Earn Rewards

My McDonald’s (MCD) position carries a floating loss of 27.14%, with the current price at $267.92 versus my entry cost of $368.421. The long-term downtrend stems from sustained pressure on global same-store sales growth, rising food and labor costs squeezing operating margins, and investor rotation out of defensive consumer staples toward high-growth tech sectors this year.

This heavy drawdown delivers a critical investment lesson: even well-known blue-chip defensive stocks are not immune to prolonged fundamental headwinds. I underestimated the lasting impact of inflation on restaurant profitability and failed to set a strict loss-cut threshold when the initial downward trend formed.

For risk management adjustments, I will not average down blindly to catch the falling knife. I plan to trim half of this position to reduce single-stock loss exposure, reallocating capital to sectors with clearer growth outlooks. Moving forward, I will set a fixed maximum loss limit for every new holding to avoid accumulating such deep unrealized losses again.

The markets like to do what retail does not expect. Now you see so much FUD on main news and social media. Retail net flow is the lowest since Covid. So up it is especially tech.

Well…what’s new. They have been dancing this way for a few months already! I am surprised the markets still care reacting they do. Technical wise, tech seems to have bottomed around here as well as precious metals.

When Nvidia starts financing $250B data centers instead of just selling chips, the demand story gets fuzzy. Is anyone actually making money, or are we just passing the bag? NAVER popping 20% on a tiny stake shows how thin the liquidity is. Oil down helps, but with Big Tech + Fed this week, one miss and this unwinds hard.

The market is focused on the Fed's upcoming decision and guidance, which will shape interest rate expectations and investor sentiment.

Lower oil prices could ease inflation concerns and provide support for broader equities, despite pressuring energy stocks.

Nvidia's continued expansion into AI infrastructure reinforces confidence in the long-term AI growth story.

These developments are creating a more positive risk-on environment across global markets.Whether the rally continues will depend on the Fed's message and upcoming Big Tech earnings meeting market expectations.

New research from Micron and @Meta explores LPDDR5X performance in large-scale data center workloads using Meta’s open-source DCPerf benchmark suite.​

Source: Micron Tech