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. 

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

Amazon Leads; Can QQQ's Rebound Survive Earnings?
QQQ gained 1.21% and SPY 0.42% as the AI selloff eased and Amazon’s 4.98% jump lifted tech and data-center stocks. Bulls note the rebound broadened into memory, semiconductors, and networking. Bears warn that upcoming SpaceX, Meta, and Tesla earnings, along with October rate-hike risk, could renew valuation pressure. Should investors hold QQQ, rotate into SPY for diversification, or wait for clearer earnings signals?
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