To The Moon

Thesis: Fundstrat’s Tom Lee sees the $S&P 500(.SPX)$ hitting 7,700 in 2026 as a probable outcome, driven by three converging tailwinds that are already showing up in the data. The Three Pillars Pillar Evidence Market Implication Economy passed the war test Earnings estimates are rising despite geopolitical shocks Recession fears disproved; fundamental floor is stronger than feared Private credit healing $iShares Expanded Tech-Software Sector ETF(IGV)$ collapsed to 72, now recovered to 85 Credit crunch fears easing; liquidity improving for tech/risk assets AI productivity + Middle East resolution AI shifting from capex story to ROI reality; potential geopolitical de-escalation Risk premia compress → val

🕘Macquarie’s index warrants track the underlying index futures. In this case, our $HSI(HSI)$ warrants track the HSI index futures during the Singapore trading hours of 915AM to 428pm, while the SIMSCI warrants track the SIMSCI index futures listed on the SGX from 9AM to 458PM. The live futures can be seen on our home page: https://warrants.com.sg/home 🗓As we near the end of April, our warrants will start tracking the May 2026 HSI/SIMSCI futures contracts starting today. See how the HSI/SIMSCI warrants move alongside their respective futures contract by clicking on their Live Matrices: https://warrants.com.sg/tools/livematrix 

With four sessions remaining in April, the FTSE ST Technology Index has posted a month-to-date gain rarely seen across its near 20-year history. For the month, the Index is up 18% through 24 April, placing the move among its five strongest monthly performances on record. This has also lifted the iEdge Singapore Next 50 Liquidity Weighted Index, which has gained 9% over the same period. The global backdrop has been even more pronounced, with the PHLX Semiconductor Index (SOX) delivering a month-to-date advance well above typical historical ranges, reflecting the intensity of capital repricing across the global semiconductor stack. Global Technology Backdrop: From AI Spend to Physical Deployment Globally, technology and semiconductor sentiment continued its rally last week after

Rare earths supply is still the #1 national security priority. 1.𝗥𝗮𝗿𝗲 𝗘𝗮𝗿𝘁𝗵𝘀: $MP Materials Corp.(MP)$ $Idaho Strategic Resources Inc(IDR)$ $USA Rare Earth Inc.(USAR)$ $Trilogy Metals(TMQ)$ $Rare Element Resources Ltd.(REEMF)$ 2.𝗠𝘂𝗹𝘁𝗶-𝗠𝗶𝗻𝗲𝗿𝗮𝗹𝘀: $CRITICAL METALS CORPORATION(CRML)$ $The Metals Company(TMC)$ $Texas Mineral Resources Corp.(TMRC)$ $United States Antimony(UAMY)$ $Nio

The Week of April 20, 2026 will be remembered as a structural inflection point. After 8 consecutive weeks in a Sell and Observe phase, the U.S. Market Average Index (USMAI) — the weighted composite of the $Dow Jones(.DJI)$ $NASDAQ(.IXIC)$ $iShares Russell 2000 ETF(IWM)$ and $S&P 500(.SPX)$ — formally crossed into confirmed Bullish zone territory, closing the week at 7,296.9, up +1.06%. The zone level crossing from Bearish −41% to Bullish +19% is not a minor data point. It represents the structural event that 8 weeks of analysis had been anticipating — the completion of a corrective base and the activation of a new Bu