To The Moon

The U.S. has revised its Q2 2025 GDP growth to 3.3%, the strongest quarter since Q3 2023’s 3.4%, signaling a robust rebound from Q1’s -0.5% contraction. With the S&P 500 at 6,512.34, Nasdaq at 21,918.45, and Bitcoin steady at $123,456, this upward revision outpaces the initial 3.0% estimate, defying tariff pressures (30-35% on Canada/EU/Mexico) and oil at $74.50/barrel. Consumer strength and trade shifts drove the gain, but risks linger. Dive into the data, sector insights, and trading strategies to navigate this economic pivot. The GDP Revival: What’s Driving the 3.3% Jump? The revision paints a resilient picture: Growth Surge: The 3.3% annualized rate, up from 3.0%, reflects a trade balance turnaround, with imports dropping 30.3% after a Q1 surge, adding 5.0 points to GDP. Consumer P

I. Performance and Valuation of Global Equity Indices Source: Bloomberg, Tiger Key Highlights ◼ Last week, global capital markets experienced mixed performance, with the phenomenon of “East rising, West wavering” becoming increasingly evident. Greater China equity assets surged across the board, with Chinese A-shares standing out as the strongest performers—the CSI 300 and Shanghai Composite Index gained 4.45% and 3.74% for the week, respectively. Meanwhile, U.S. equities saw heightened volatility and an internal rotation between large- and small-cap stocks: the large-cap Nasdaq edged down slightly, while the small-cap Russell Index posted significant gains. ◼ Recently, Fed Chair Jerome Powell struck a dovish tone at the annual Jackson Hole symposium, highlighting the severity of the curre

— A conversation with REIT expert Kenny Low ( Michelle Martin ,MoneyFM89.3)Executive SummaryWith bank valuations near historical highs and the U.S. 10-year yield still above 4.2%, Singapore REITs (S-REITs) are flashing a “technical breakout + dividend yield premium” signal. The sector, however, still needs two catalysts: (1) institutional money flowing back and (2) clear Distribution Per Unit (DPU) recovery. Kenny Loh’s advice:Do not “sell all banks and go all-in REITs”; rebalance gradually.Focus on individual names with visible DPU inflection points or repaired balance sheets.1. Macro & Index: S-REITs Just Exited a Two-Year DowntrendIndex performance: After “down-sideways-up” from 2H 2024 to 1H 2025, the FTSE ST REIT Index hit a fresh high of 689 in August.12-month total return: 10.5

Big-Tech’s Performance​Macro Headlines This Week: Focus on a September rate cut? Divergence in tech earnings.The Fed's "dovish pivot" has fueled market expectations. At the Jackson Hole meeting, Fed Chair Powell signaled a potential rate cut in September, seen as a policy shift, sparking global optimism about an easing cycle. The US dollar is on track for a monthly decline as markets increase bets on rate cuts. The core PCE inflation data, the Fed's preferred gauge, is due this week. If it rises as expected, it could influence the timing of the rate cut.Trump's recent attempts to remove Fed Governor Lisa Cook are ongoing, raising concerns about the Fed's independence. This adds a new risk dimension for the Fed, while markets view Powell's "dovish pivot" as still tentative.Markets continued