--- title: "β˜•οΈ [Task Coins Giveaway] Daily Market Talk" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/100000000705295.md" description: "πŸ‡ΊπŸ‡ΈπŸ‡­πŸ‡°πŸ‡ΈπŸ‡¬ Big moves across US, HK markets. Join the chat & earn Task Coins!" datetime: "2026-06-01T02:51:29.000Z" locales: - [en](https://longbridge.com/en/topics/100000000705295.md) - [zh-CN](https://longbridge.com/zh-CN/topics/100000000705295.md) - [zh-HK](https://longbridge.com/zh-HK/topics/100000000705295.md) author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)" generator: "portal-rs" --- # β˜•οΈ [Task Coins Giveaway] Daily Market Talk Midday update: S&P 500 hit a new all-time high last night, but 8 of 11 sectors closed in the red β€” the narrowest kind of ATH you can get. Meanwhile, the US closed the AI chip export loophole that let NVDA and AMD sell to Chinese companies' overseas entities, and Berkshire dropped USD 6.8 billion in cash on homebuilder Taylor Morrison. SG markets are closed today for Vesak Day. ## πŸ’¬ Today's 3 Big Questions 1. With the US closing the overseas entity loophole for AI chips, NVDA's China revenue is already under structural pressure. Is China now a rounding error in the NVDA thesis β€” or does this new restriction still matter for near-term earnings? 2. Berkshire is paying USD 6.8B in cash for homebuilder Taylor Morrison at a premium, with mortgage rates still elevated. Is this Buffett calling the rate-cut trade, or a decade-long bet on the US housing supply shortfall regardless of rates? 3. S&P 500 hit ATH but 8 of 11 sectors fell. Narrow mega-cap-driven rallies have historically preceded corrections β€” does this breadth setup concern you, or are you still buying any pullback? πŸ‘‡ Like, drop your take (20+ words), click "Repost" & earn 288 Task Coins ✨ 🚫 NO duplicates or similar content ⏰ Deadline: June 1, 2026, 11:59 PM (SGT) ## πŸ“Š Quick Market Recap ### 🌍 Global Macro & Markets - **US ISM Manufacturing PMI (May): 55.3**, beating forecasts of 53.8 and up from April's 54.5 β€” strongest US manufacturing expansion since May 2022, with output and job creation both accelerating. - **China May official Manufacturing PMI: 50.0** (↓ from 50.3 in April), staying at the neutral line as front-loaded export demand normalises post-tariff negotiations. - **Seoul KOSPI +1.5% to a record high**, **Samsung Electronics +3%-plus**; **Nikkei 225** also hit a new all-time high with **SoftBank +6%** β€” broad Asian equity strength. - **TrendForce** significantly raised its global memory market forecast, projecting the sector will exceed **USD 1.28 trillion by 2027**, citing sustained AI infrastructure HBM and NAND demand as the structural driver. ### πŸ‡ΊπŸ‡Έ US Markets: ATH on a Narrow Ledge - πŸ“ˆ **S&P 500 closed at a new all-time high. Dow Jones roughly flat. Nasdaq led the session. 8 of 11 sectors ended in the red β€” rally driven almost entirely by AI mega-cap names.** - **NVIDIA (NVDA) / AMD** β€” The US government closed a loophole that had allowed both companies to export advanced AI chips to overseas subsidiaries of Chinese firms, tightening existing export controls. Near-term sentiment negative for both. - **Berkshire Hathaway** β€” Agreed to acquire homebuilder **Taylor Morrison (TMHC)** at **USD 72.50 per share** in an all-cash deal valued at approximately **USD 6.8 billion**. Berkshire's largest move into the US housing sector. - **Tesla (TSLA)** β€” Withdrew its termination notice for the graphite supply agreement with Australia's Syrah Resources, reinstating the long-term supply deal. Signals sustained commitment to non-China battery material sourcing. - **Jensen Huang** delivering a keynote today at an industry event; Nvidia's next-generation **Rubin architecture** expected to be detailed. Markets watching for the AI compute roadmap ahead of COMPUTEX 2026. ### πŸ‡ΈπŸ‡¬ Singapore Markets - πŸͺ· Public Holiday β€” Vesak Day. SGX is CLOSED today. Happy Vesak Day to all Buddhist friends and family in the community πŸ™βœ¨ Markets resume Tuesday (June 2). - πŸ“ˆ **STI: Closed β€” Vesak Day public holiday. Next session: Tuesday, June 2.** - **HDB June 2026 BTO** exercise launches this month with approximately **6,900 flats** across 7 projects. Headline event: first public housing in the **Upper Thomson** estate (Lakeview/Shunfu) in over **40 years**, with about **1,200 units** at Lakeview. Roughly half the flats are Plus or Prime category, requiring a 10-year Minimum Occupation Period. ### πŸ‡­πŸ‡° Hong Kong & China Markets - πŸ“ˆ **Hang Seng Index +0.70% to 25,182.39; Hang Seng China Enterprises Index +0.73%.** - **China May Manufacturing PMI: 50.0** β€” holding at the expansion line; front-loaded trade activity ahead of Middle East-related supply concerns is fading. - **Meituan (3690.HK)** β€” Reports Q1 2026 earnings today. Market focused on delivery volume trends, instant commerce contribution, and any update on competitive pressure from Douyin local life. ## πŸ“… Key Events Tonight / This Week - πŸ‡ΊπŸ‡Έ Jensen Huang keynote (Nvidia Rubin architecture) β€” Today, June 1 - πŸ‡­πŸ‡° Meituan (3690.HK) Q1 2026 earnings β€” Today, June 1 - πŸ‡ΊπŸ‡Έ COMPUTEX 2026 opens (June 2–5) β€” AI compute and hardware ecosystem focus - πŸ‡ΊπŸ‡Έ Microsoft Build 2026 opens (June 2) β€” AI developer tools and Copilot updates - πŸ‡ΊπŸ‡Έ ADP Employment Change (May) β€” Wednesday, June 3 (approx. 20:15 SGT) - πŸ‡ΊπŸ‡Έ ISM Services PMI (May) β€” Wednesday, June 3 (approx. 22:00 SGT) - πŸ‡ΊπŸ‡Έ Broadcom (AVGO) Q2 FY2026 earnings β€” Thursday, June 4 (after market) - πŸ‡ΊπŸ‡Έ SpaceX IPO roadshow β€” Expected Thursday, June 4 (tentative) - πŸ‡ΊπŸ‡Έ US May Nonfarm Payrolls β€” Friday, June 5, 20:30 SGT (key Fed rate-path signal) - 🌍 US-Iran next round of nuclear talks β€” Friday, June 5 (tentative; Hormuz / oil price sensitive) Disclaimer: For reference only, not investment advice. ### Related Stocks - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [IVV.US](https://longbridge.com/en/quote/IVV.US.md) - [SDS.US](https://longbridge.com/en/quote/SDS.US.md) - [SPDN.US](https://longbridge.com/en/quote/SPDN.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [BRK.B.US](https://longbridge.com/en/quote/BRK.B.US.md) - [TMHC.US](https://longbridge.com/en/quote/TMHC.US.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) ## Comments (32) - **LSB Β· 2026-06-04T04:00:04.000Z**: good analysis - **melph Β· 2026-06-01T13:22:45.000Z**: The S&P 500 remains near record highs, supported by AI optimism and resilient earnings. Not sure if investors are correctly pricing future growth, or are expectations becoming a little too ambitious - **jackson beat it Β· 2026-06-01T10:47:31.000Z**: Aiyo this narrow ATH really makes me uneasy leh, when only the mega caps carry the index the breadth damn weak, I rather wait and buy on a real pullback πŸ‘€ - **NewUser_zS0M8w Β· 2026-06-01T10:40:50.000Z**: The market is overly optimistic right now with software stocks recovering sharply as well from the Saas apocalypse. The US stock market is surging to new highs everyday, with memory stocks leading the way. Yet, staple & consumer stocks that have great fundamentals like bank stocks are overlooked - **TC89 Β· 2026-06-01T10:24:10.000Z**: China is now a rounding error for NVDA. Berkshire’s bet is decade-long supply, not rates. Narrow ATH rally is concerningβ€”buy pullbacks cautiously. - **TigerScholarFX Β· 2026-06-01T09:29:28.000Z**: Glad to see market getting better.πŸ«°πŸ™‚ - **yeppers Β· 2026-06-01T09:11:47.000Z**: Wow very informative - **Uncle_FaGe Β· 2026-06-01T09:09:00.000Z**: Very good - **NewUser_1O8 Β· 2026-06-01T07:36:50.000Z**: niceeeeeee - **NewUser_oPJWOU Β· 2026-06-01T07:18:50.000Z**: This week's earnings main focus is on Broadcom, where the company is helping others to develop their own custom AI chips for their businesses. The revenue generated from this part of the business will soon be reflected in earnings and that is what most investors are looking forward to. AI spending i - **dingdongbell Β· 2026-06-01T06:46:29.000Z Β· πŸ‘ 1**: As long as the market keeps going up on low volume and narrow breadth, I will not participate and just watch the FOMO crowd exhaust itself. - **Heroic Lifesaver** (2026-06-01T06:49:08.000Z): ☺️ - **NewUser_gsGAfq Β· 2026-06-01T06:45:23.000Z**: The market still looks pretty bullish and risk on and so I will stay invested getting abit restless but it’s best to just hold and wait - **uQueueIQ Β· 2026-06-01T06:37:11.000Z**: gogogo - **NewUser_CkrdqW Β· 2026-06-01T05:39:28.000Z Β· πŸ‘ 1**: The S&P continues to rise to new ATHs while the South Korean Market also rose due to anticipation of Jensen Huang's arrival and potential collaboration with companies like Samsung. Meanwhile, Trump's mention of IBM over the weekend has seen the stock gain over 10% overnight, an indication that t - **NewUyser_xvRmPS Β· 2026-06-01T05:35:25.000Z**: very gd - **NewUyser_xvRmPS Β· 2026-06-01T05:34:32.000Z**: good - **NewUser_TiMpx Β· 2026-06-01T04:56:26.000Z**: keep up - **NewUser_ILpXjN Β· 2026-06-01T04:43:20.000Z**: Great πŸ‘ - **Heroic Lifesaver Β· 2026-06-01T04:38:48.000Z**: Nothing new to mention. Markets are going up on FOMO and narratives which is always something to be wary about. The nature of the pullback will be important to indicate degree and depth of correction. Stay safe! - **DragonApex.sg Β· 2026-06-01T04:27:30.000Z**: Great --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**