Shyon

The tokenization move is definitely interesting because 24/7 trading could blur the traditional line between stock and crypto markets. For me, the bigger question is whether this creates more real liquidity and access, or simply more volatility around the clock. I am also watching the chip price increases and BOJ rate hike closely, as both could have a wider impact on tech valuations. For now, I prefer staying selective and accumulating quality names on pullbacks rather than chasing the Friday rally.

For me, the bigger story is Jensen Huang saying $NVIDIA(NVDA.US) could sell twice as many chips next year. That gives me more confidence that AI demand remains strong despite the Fed hike and recent tech volatility. I see the chip rally as a mix of AI conviction and some relief after the rate decision, rather than just a short-term bounce.

I am still bullish on semiconductors, but I prefer to accumulate on pullbacks instead of chasing strength. I will be watching whether Nvidia and other chipmakers can turn this strong demand outlook into actual revenue and earnings growth.

For me, the bigger story is not the 25bp hike itself, but how firmly the Fed is signalling that rates may stay higher for longer. A unanimous 12-0 decision, together with 16 of 18 officials still seeing at least one more hike this year, tells me inflation remains the key concern despite the growing pressure from the White House. Trump calling for rates at 1% or lower is a very different message from the Fed’s current stance, which makes the question of central-bank independence even more important for markets.

I am not changing my long-term AI and semiconductor thesis because of one rate hike, but I am becoming more selective about adding. Higher-for-longer rates can pressure high-valuation growth stocks and increase volatility, so I would rather use sharp pullbacks to accumulate quality names gradually instead of chasing strength. For me, this is a period to stay patient, manage position sizes, and let the market give me better entry points.

My call is 1B 2B 3B. I expect a 25bp hike to 3.75%–4.00%, with three dissenting votes and 12 or more officials still seeing at least one more hike in 2026. The hike itself feels largely priced in, so for me, the bigger market risk is the Fed’s guidance and how firmly it signals that rates may stay higher for longer.

My plan is to stay patient rather than make a big move based on one Fed meeting. Higher rates can pressure growth stocks, REITs and leveraged positions, while potentially supporting USD and keeping Singapore borrowing costs elevated. I would continue accumulating quality companies gradually on meaningful pullbacks instead of chasing volatility, especially in AI and semiconductor names where my horizon is longer term.

What would change my mind is a much more hawkish dot plot or clear signs that inflation is becoming broader and more persistent than expected. If the Fed signals several more hikes and financial conditions tighten sharply, I would slow down my buying and keep more cash available. For now, I see this as a rate-and-guidance reset rather than a reason to abandon my long-term plan.

The 20-year Treasury yield at 5.42% is the part I am watching most closely. Even if the Fed delivers the expected hike, the bigger question for me is how long yields stay elevated. Higher long-term yields can keep pressure on growth and tech valuations, so I would rather stay patient than chase a relief rally.

For Singapore, I am also watching the banks closely. $DBS(D05.SG), $OCBC Bank(O39.SG) and $UOB(U11.SG) have held up relatively well, but the Fed decision could quickly shift expectations on rates and fund flows. For me, the key is not the headline hike itself, but whether the Fed signals a slower or faster path from here.

The market reaction feels a little too binary to me. One call for slower AI development should not suddenly erase the massive investments already going into AI infrastructure. Chips, memory and data centers may face short-term volatility, but the underlying demand for compute is still there. I see this more as a sentiment reset than the end of the AI story.

Cybersecurity getting a 14%+ boost is interesting, because safer AI will likely require more security, not less AI. For me, the key is not picking the hottest side of the trade today, but watching where the fundamentals remain strong after the panic. If quality AI names get dragged down further, I would rather use the weakness to DCA than chase a sudden cybersecurity rally.

For me, the hot core CPI is the more important signal in the short term. A 0.3% monthly increase above expectations shows that inflation is still sticky, and the sharp rise in rate-hike expectations explains why Treasury yields are pushing higher. I would not completely ignore the weak consumer sentiment, but sentiment can be volatile while inflation data directly influences the Fed’s policy decision.

I am also watching the AI infrastructure story closely. HPE and Dell jumping more than 12% after being named as key suppliers for Oracle’s massive AI buildout shows that the AI investment cycle is expanding beyond just GPUs. I think this could continue to benefit the broader semiconductor, server, networking and power ecosystem, although valuations remain something I would be careful about.

For my portfolio, I am not planning to chase the volatility. Higher yields can pressure growth stocks and leveraged ETFs in the short term, so I prefer gradual accumulation on meaningful pullbacks. My view remains cautiously bullish over the medium to long term: the market may stay noisy around the Fed decision, but strong AI infrastructure demand could create opportunities when fear pushes good companies lower.

For me, $Oracle(ORCL.US) is a great example of macro versus fundamentals. ORCL dropped over 5% on hot PPI and rising yields, but then jumped after earnings showed 121% cloud infrastructure growth and RPO of $664B. AI demand clearly remains strong.

I am still watching the 10-year yield closely as it approaches 5%. I remain constructive on AI, but I prefer accumulating quality names on pullbacks rather than chasing strength.

$Taiwan Semiconductor(TSM.US)’s 53.3% revenue growth also reinforces my view that AI demand remains strong. Now I am watching CPI and the Fed closely, while keeping some cash ready for opportunities.

I think the biggest takeaway is that predicting the exact direction of $NVIDIA(NVDA.US) around earnings is becoming extremely difficult. The community correctly identified the potential for a bounce after seven losing days, but the actual 8.74% move was far beyond expectations. For me, this shows how quickly sentiment can shift when fundamentals remain strong and positioning becomes too defensive.

I would rather focus on the longer-term AI cycle than trying to predict every earnings-day move. NVDA still has strong demand and a huge role in AI infrastructure, but expectations are also extremely high. My approach is to stay patient, avoid chasing a sudden spike, and use meaningful pullbacks to build exposure gradually. In my view, consistency matters more than getting one earnings call exactly right.

I am leaning toward a slightly hotter CPI print tonight. The jobs data has held up much better than expected, while oil above $100 adds another layer of inflation pressure. My call for core CPI YoY is 2.5% or higher, so I am going with 1C.

For headline CPI, I also expect some upside pressure from energy prices, but I do not think it will move dramatically away from expectations. I am calling 2B for 3.4%. For core CPI MoM, I think 0.2% is still the most likely outcome, so my third call is 3B.

My final answer: 1C 2B 3B. I think tonight's data could strengthen the case for higher-for-longer rates, so I would rather stay patient and avoid chasing the market until we see how investors digest the CPI and the Fed's next move.

I am voting for $Oracle(ORCL.US) to close up 4% to 10% on 11 September. I think the market is already expecting strong revenue and EPS, so the real catalyst will be OCI growth, the massive RPO conversion and the FY2027 outlook. With AI infrastructure demand still accelerating, I believe Oracle can deliver enough positive signals to keep the momentum going, even with concerns around capex, debt and financing. My view is bullish, but I am not expecting an explosive move because a lot of optimism is already priced in. For me, a 4% to 10% gain looks like the most reasonable outcome.