Barclays

Bank stocks continue the rally without any signs of stopping. Even when market opened lower yesterday, our 3 local banks managed to turn the tide and lead the reversal to eventually close higher for the day. I believe this is great for long term investors, but at the same time also expect the prices to drop back down in October when the trading board size decreases to increase trading volume.

The market-boosting effect of CPI is somewhat insignificant. The market is currently in a state of intense tug-of-war between bulls and bears. The anticipated quarterly earnings season has been suppressed all along. Will it simply fizzle out or wait for an outburst after the suppression? Let's wait and see.

June CPI came in lower than expected and the markets cheered slightly. Software stocks turned positive by closing while massive capital was flowing back into chips and memory stocks. However, I still hold a neutral stance as the macro risk is still very real. With companies starting to report earnings from the end of the month, I will be paying close attention to what they have to say.

I’m really pleased to see STI breaking new record. A large part of that has to do with the 3 big banks which are on fire. I’m not so sure if this has to do with the AI manufacturing story. The AI manufacturing related stocks (component suppliers) I hold are up one day and down the next.

Its good that inflation came down. Hopefully the data keeps trending in a good way and helps keep the prices of things, especially essential ones, manageable.

Gold surged 700 pips right after yesterday’s CPI release only to fall back again quickly. What a classic bull trap 🥲.

Frankly speaking, I don’t buy these CPI numbers at all. With the Strait of Hormuz still shut, there is no way oil prices can drop back to pre-conflict levels ☺️.

Go ask around your friends and colleagues – does anyone actually feel like inflation is slowing down? 🤣

Looks like inflation is cooling (at least on data) and more evidence that capital is being shunted into AI related spendings first which shows the urgency and scarcity of supply.

So market fears have subsided with just a soft CPI? Seems more like just a bounce only.. I'd much rather look at SG market now

will the Straits closing and opening and with the 20% protection fee. who is going to pay and will the impact to the market and consumers?

$Tesla(TSLA.US) Q2 delivery numbers drop this week and consensus is around 406k, Barclays is even at 418k. FSD V14 momentum plus a delivery beat could really squeeze the shorts here. holding my full position into the print 💪

Coinbase 1Q26 First Take: Q1 came in soft, with most key metrics missing, reflecting a dull trading tape since early Jan. BBG aggregates are somewhat lagging and do not capture the latest shifts in flows, while crypto-exposed stocks tend to move ahead of prints, tracking the market in real time.

We also reference Barclays' Q1 preview. While some lines still miss, the gap vs. actuals is far less dramatic.

1) Trading revenue saw the steepest decline: down 40% YoY, with trading volume down 36%. COIN gained modest share among centralized exchanges, but its overall trading share fell industry-wide, implying ongoing DEX penetration.

2) Stablecoin holding share continued to rise QoQ: stablecoin revenue grew 2% in Q1. USDC market cap increased from $7.58bn to $7.70bn, and Coinbase's held share rose by approx. 100bps to 24.7%.

3) Subscription revenue guidance is turning up: despite market sensitivity, management expects Q2 subscription revenue to recover alongside the recent crypto rally. It could materially exceed the original Q1 guide.

4) Profit under pressure; driving team efficiencies: with revenue sliding against relatively fixed costs, profitability was squeezed. Incremental R&D and product launches pushed core OP down over 90% YoY. The company is cutting 14% of headcount (~700 roles, mainly ops/admin), targeted for Q2, with approx. $50mn in severance.

5) Buybacks accelerated: COIN repurchased nearly $1.1bn of stock in Q1, a faster pace than last quarter. $1.3bn remains under the authorization.

6) Near-term catalysts still hinge on policy: Middle East tensions have eased, but a sustained recovery depends on the CLARIFY Act's passage. The stablecoin incentive dispute will likely settle via compromise; otherwise the bill remains stalled. $Coinbase(COIN.US)