Heretoread
09-18

In absolute no surprise , the FED hiked the interest rate and they expect 1 more hike this year . we see spillover effect into the Singapore market where the spot SORA moved from 1% to 1.2% or so. However forward looking Sora Interest rate swaps are pricing in movement of 1.7% for the next year .

However , lots of uncertainty remains as Iran war is not yet settled , and US mid terms elections are coming out soon. If the Democrates win , i predict that trump  will be tamed down and we should expect more stability. 

$Bank of New York Mellon(BNY)$  $DBS(D05.SI)$  $OCBC Bank(O39.SI)$   

Oil Near $100, Yields Falling: What Is the Market Pricing?
QQQ fell 2.86% and SPY 1.18% as WTI crude (CLmain) jumped 2.91% toward $100. AI spending doubts, Middle East tensions, and tech deleveraging hit Nvidia (-4.40%), AMD (-8.10%), and Alphabet (-3.08%). Bulls see lower Treasury yields cushioning valuations; bears warn higher oil could revive inflation while AI returns remain unproven. What evidence would show forced selling has run its course?
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