To The Moon

Last Week's Recap

1.Market Digest: Stocks Rally, Q2 Crushes, Jobs Miss, Oil Tumbles (Week Ended July 3, 2026)

• Regaining momentum — Major U.S. indexes rose ~2%; $Dow Jones(.DJI)$ hit a record high, $S&P 500(.SPX)$ and $NASDAQ(.IXIC)$ below June 2 peaks.

• Q2's rally — NASDAQ +21%+, S&P 500 +15% (best since 2020); Dow +13% (best since 2022), reversing Q1's steep declines.

• Jobs setback — June added just 57,000 jobs (half expected); April/May revised down by 74,000 combined.

• Oil stabilizes — Crude $WTI Crude Oil - main 2608(CLmain)$ at ~$68, extending June's 20% drop to pre–Middle East levels.

• Bitcoin's June — BTC rose early July but couldn't offset June's 20%+ crash; ended June below $59,000.

• Gold's retreat — Gold $Gold - main 2608(GCmain)$ at ~$4,140, well below Jan peak above $5,500.

• Yields rebound — 10-year Treasury at ~4.49% (up from 4.37%), below May 19 peak of 4.66%.

• Earnings outlook — Analysts expect S&P 500 Q2 earnings growth of 23.3%, per FactSet; second straight quarter of 20%+ growth.

2.US Market – SPX gains 1.76% as mega-cap tech and payments rally offset memory-chip collapse

The S&P 500 Index (SPX) gained 1.76% and closed at 7,483.24, as a powerful rebound in mega-cap technology and payment processors offset a brutal selloff in memory chips. The index reclaimed the 7,400 level as investors rotated back into software and services names after recent semiconductor-led volatility.

Weekly Industry leaders: Health Care Technology (+18.22%) led on med-tech innovation and digital health adoption. Broadcasting (+13.12%) surged on streaming and AI content-generation demand. Insurance Brokers (+12.61%) advanced on resilient premium pricing and M&A activity.

10 Popular Stocks:

• $Apple(AAPL)$ +12.17% — The iPhone maker surged on anticipation around its upcoming AI feature rollout for iOS and resilient services revenue growth, with investors cheering supply-chain stability ahead of the fall product cycle.

• $Microsoft(MSFT)$ +10.67% — The cloud and AI giant rallied on Azure monetization momentum and enterprise Copilot adoption. The stock closed at $390.49 on 2 July, recovering from the mid-June lows near $368 as institutional flows returned to software.

• $MasterCard(MA)$ +10.32% — The payment network advanced on resilient cross-border transaction volumes and margin expansion, with investors favoring payment processors over hardware plays.

• $Visa(V)$ +9.56% — The payments giant tracked Mastercard higher, benefiting from consumer-spending resilience and travel-related payment volume recovery.

• $Meta Platforms, Inc.(META)$ +7.37% — The social-media giant gained on AI advertising integration and Reels monetization progress. The stock closed at $582.90 on 2 July after trading near $550 in late June.

• $Amazon.com(AMZN)$ +6.9% — The e-commerce and cloud leader advanced on AWS revenue stability and Prime Day momentum, with investors looking past near-term retail margin pressures.

• $Alphabet(GOOGL)$ +4.71% — The search and AI giant rose on Google Cloud enterprise wins and AI search integration progress, though it underperformed peers on ad-spending caution.

• $Eli Lilly(LLY)$ +7.65% — The pharmaceutical heavyweight extended gains on GLP-1 demand resilience, with Mounjaro and Zepbound prescriptions holding strong. Analysts maintain a Buy consensus with an average price target of $1,236.25 as of 5 July 2026.

• $Broadcom(AVGO)$ -4.87% — The custom-AI-chip giant continued to slide, closing at $360.45 on 2 July. The stock has been under pressure since mid-June on concerns over its ~60x trailing P/E and execution risks on its rumored $18 billion OpenAI-related infrastructure deal.

• Micron Technology (MU US) -19.61% — The memory-chip maker was the week's worst large-cap performer, collapsing on oversupply fears in consumer DRAM and NAND, and concerns that HBM pricing power may be peaking as AI server demand normalizes. The violent selloff triggered systematic stop-loss selling across the memory complex.

Performance is subjected to market volatility

3.Hong Kong Market – HSI rebounds 2.99% as EV and precious metals lift the index

$HSI(HSI)$ : The Hang Seng Index gained 2.99% and closed at 23,350.03, as strength in EV names, miners, and financials offset sharp declines in semiconductors and property tech.

The $HSTECH(HSTECH)$ surged 5.72% and closed at 4,499.

Weekly Industry leaders: Paper Packaging (+17.98%), Silver (+15.09%), Gold (+13.72%).

9 Popular Stocks:

• $BYD COMPANY(01211)$ +10.59% / +10.54% — The EV giant surged on delivery optimism and potential EU tariff resolution hopes.

• $ZIJIN MINING(02899)$ +9.56% — Advanced as gold and copper prices stabilized, with the miner benefiting from safe-haven demand.

• $HSBC HOLDINGS(00005)$ +2.49% — The banking giant gained on Asian franchise resilience and dividend yield attraction.

• $TENCENT(00700)$ +2.33% — The internet giant rose on gaming and fintech sentiment recovery.

• $CCB(00939)$ -3.45% — Pulled back on profit-taking after recent strength.

• $ICBC(01398)$ -3.02% — Declined on financial-sector rotation and NIM compression concerns.

• $SMIC(00981)$ -9.77% — The mainland foundry tumbled on profit-taking after its recent outperformance and front-end capex concerns.

• $MONTAGE TECH(06809)$ -16.64% — The property SaaS provider collapsed on China property-sector weakness and enterprise software spending cuts.

Performance is subjected to market volatility

4.Singapore Market – STI gains 1.01% as gold and ASEAN SDRs lift the index to 5,244

$Straits Times Index(STI.SI)$ gained 1.01% and closed at 5,244.29, as strength in gold proxies, Thai telecom, and Chinese tech SDRs offset modest bank gains.

Weekly Top Sectors: Health Care Equipment (+17.84%), Transaction & Payment Processing Services (+15.90%), Gold (+13.01%), Textiles (+10.00%), and Commercial Printing (+9.47%).

10 Popular Stocks:

• $AIS TH SDR 10to1(TADD.SI)$ +8.09% — The Thai telecom operator's SDR rallied on regional digital infrastructure demand.

• $Xiaomi HK SDR 2to1(HXXD.SI)$ +6.78% — The consumer electronics and EV player's SDR bounced back on EV delivery optimism.

• $Alibaba HK SDR 5to1(HBBD.SI)$ +4.7% — The Chinese tech giant's SDR advanced on e-commerce stabilization hopes.

• $Tencent HK SDR 10to1(HTCD.SI)$ +4.25% — The internet giant's SDR gained on gaming sentiment recovery.

• $BBCA ID SDR 1to2(IBKD.SI)$ +4.71% — The Indonesian bank's SDR tracked its Jakarta listing higher; BBCA.JK closed at 6,050 IDR on 3 July, up from 5,550 on 30 June.

• $ST Engineering(S63.SI)$ +4.23% — The government-linked engineering group advanced on defense contract momentum.

• $GLD SG$(GSD.SI)$ +3.38% — The SGD-denominated gold ETF tracked the yellow metal higher; spot gold traded at US$4,187.30 on 3 July 2026.

• $SS SPDR S&P500 USD(S27.SI)$ +2.42% — The Singapore-listed S&P 500 ETF tracked Wall Street higher.

• $DBS(D05.SI)$ +2.03% — Singapore's largest bank rose modestly on record Q1 profit momentum.

• $UOB(U11.SI)$ +1.11% — The third-largest local bank edged up on ASEAN commercial banking momentum.

Performance is subjected to market volatility

5.Australian Market – XJO gains 0.91% as tech and pharma offset consumer staples weakness

$S&P/ASX 200(XJO.AU)$ gained 0.91% to 8,844.3, as strength in miners, healthcare, and gaming offset a pullback in consumer staples.

Weekly Top Sectors: Technology Hardware, Storage & Peripherals (+33.33%), Consumer Electronics (+26.73%), Semiconductor Equipment (+22.95%), Pharmaceuticals (+22.51%), and Security & Alarm Services (+19.54%).

10 Popular Stocks:

• $COMPUTERSHARE LTD(CPU.AU)$ +6.81% — The share registry provider advanced on resilient global registry volumes and margin improvement.

• $CSL LIMITED(CSL.AU)$ +6.04% — Surged on plasma-collection volume recovery and CSL Behring pricing momentum.

• $SOUTH32 LTD(S32.AU)$ +6.39% — Bounced back on manganese and aluminum price stabilization.

• $AMCOR PLC-CDI(AMC.AU)$ +4.67% — Gained on consumer staples resilience and sustainability partnerships.

• $ARISTOCRAT LEISURE LTD(ALL.AU)$ +4.62% — Advanced on resilient casino capex and digital gaming momentum.

• $SONIC HEALTHCARE LTD(SHL.AU)$ +4.06% — Rose on pathology volume recovery and acquisition integration.

• $PLS Group Ltd(PLS.AU)$ +3.77% — Bounced back from recent lows on oversold technicals.

• $BHP GROUP LTD(BHP.AU)$ +2.56% — Advanced on copper and iron ore price stabilization.

• $NATIONAL AUSTRALIA BANK LTD(NAB.AU)$ +2.83% — Rebounded on improved SME credit outlook.

• $WESFARMERS LTD(WES.AU)$ -2.74% — Pulled back on profit-taking after recent strength.

Performance is subjected to market volatility

The week ahead: July 6-10