To The Moon

Everyone should have received the SG$60 neighborhood shopping voucher, right? What is everyone buying with it? Recently, a 28-year-old Singaporean made headlines online for using his voucher to buy a few packs of Pokémon cards.He was seen strolling through a supermarket, checking out groceries, then turning around to enter a game store displaying a “Neighborhood Voucher Accepted” sign. He picked up a few Pokémon card packs, paid, and walked out. The video quickly went viral.This unconventional use of the voucher sparked a discussion online. Supporters argue that using the voucher doesn’t have to be limited to groceries—purchasing something you enjoy while supporting local businesses is fine. Happiness is also a basic need, and buying cards helps support small brick-and-mortar stores! Criti

The Jackson Hole symposium is an annual meeting for central bankers.Market is awaiting Powell’s speech at Jackson Hole meeting on Friday. Since 2022, it has consistently triggered volatility in $S&P 500(.SPX)$ . Typically, the index drops around the event before bouncing back.Each year it dips, then rebound2022 Powell went full hawk → S&P dropped -3% in a day2023 Still tough on inflation → markets slipped2024 Even with a dovish tone → market still dippedUnlike the recent market pullback, investors are very optimistic about a rate cut in September.Although the July CPI report contained some concerning details, overall it was relatively mild, reinforcing traders’ belief that the Fed will lower interest rates in the coming months. Some have e