To The Moon

Macro Highlights This WeekThe December FOMC delivered a widely expected 25bp rate cut and announced roughly USD 40bn in short-term Treasury purchases to replenish system reserves. However, the market’s real focus was not the policy action itself, but Chair Powell’s rare admission that current job growth may be “systematically overstated.”The latest dot plot shows a sharply widened divergence in views on the 2026 rate path. While the median still points to one 25bp cut, the range now spans from no cuts to as much as 150bp of easing, highlighting a lack of consensus among policymakers on the economic outlook.At the corporate level, Oracle’s earnings triggered the market’s first broad-based concern over AI capex returns. Weak cloud revenue combined with sharply higher capital spending drove t

With the US Federal Reserve poised to cut interest rates, Singapore Real Estate Investment Trusts (S-REITs), long under pressure, are showing signs of a compelling turnaround. The anticipated drop in borrowing costs and a renewed "yield hunt" make S-REITs an increasingly attractive proposition for income-focused investors.   The high-interest-rate environment of the past few years has been a significant headwind for S-REITs. Their heavy reliance on debt to finance acquisitions and operations meant rising borrowing costs squeezed margins and led to declines in Distribution Per Unit (DPU) for many. The Triple Tailwind from Rate Cuts The impending rate cuts create a powerful three-pronged tailwind for S-REITs:   Lower Borrowing Costs: This is the most direct and impactful