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. 

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

Indexes Flat Tuesday — Meta and Tesla Report Tonight. Which One Holds the Key?
U.S. equities diverged Tuesday: S&P 500 +0.28% to 7,712.57, QQQ -0.10% to $717.63. Netflix fell over 5% after hours on a Q4 revenue guidance miss, adding pressure to tonight's slate. Meta and Tesla both report after the close — the two dominant AI monetization stories, digital advertising and autonomous driving. Meta's ad revenue growth rate or Tesla's automotive gross margin: which are you watching when results drop tonight?
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