I’m cautiously bullish, but I think the market may be getting ahead of itself on the Fed. Waller’s dovish tone is definitely supportive for growth and AI stocks, but tonight’s jobs report could quickly change the narrative. With consensus around just 56K jobs, a weak number could reinforce September easing expectations and push yields lower, while a stronger-than-expected print could bring some of that optimism back down to earth. I’m watching yields and the labour data more closely than the index gains.

For individual names, $Snowflake(SNOW.US) Snowflake’s 16% jump shows that strong AI-driven growth is still being rewarded, while $Broadcom(AVGO.US) Broadcom’s sell-off despite a huge AI revenue target reminds me how high expectations have become. I remain constructive on Broadcom and Tesla over the longer term, but $Tesla(TSLA.US)Tesla’s Cybercab launch still needs to prove it can scale beyond an invite-only rollout before the market fully prices in the robotaxi opportunity. Meanwhile, Singapore banks and the STI $FTSE Straits Times Index(STI.SG) hitting fresh highs are encouraging, and I’d rather continue holding quality positions than chase prices after a strong run.