To The Moon

$Apple(AAPL)$’s stock pullback at the end of its Worldwide Developers Conference (WWDC 2026) is a classic example of a "buy the rumor, sell the news" market reaction. After a massive run-up heading into the event—with shares hitting an all-time intraday high near $317—the stock reversed and closed lower. The reaction highlights a growing gap between what consumers think is cool and what Wall Street requires to justify Apple's premium valuation. Why the New Siri Didn't Surprise Wall Street While the keynote successfully showed a deeply overhauled Siri—rebuilt on custom Google Gemini models, featuring onscreen awareness, and boasting a standalone, conversational interface—it failed to ignite immediate investor excitement for a few structural reasons

After two months of back-and-forth, the US and Iran finally announced over the weekend that a ceasefire memorandum of understanding had been reached. Although the final signing is still a few days away, the market has already fully priced in the impact of the news. Before the fourth quarter, geopolitical issues are expected to stop bothering investors. On the trading side, we still lean toward the view that most assets will remain range-bound over the next one to two quarters. As long as there are attractive relative lows or highs and the risk-reward is acceptable, there will be opportunities to try and trade the move. We will not go into the details of the agreement itself. Those can be found on various financial websites. Instead, we will focus on how asset prices are moving. Crude oil i

For the five sessions through to the June 11 close, 26 primary-listed companies conducted buybacks with a total consideration of S$170 million. Singapore Telecommunications again led the buyback tally, with 27.1 million shares at an average price of S$4.26, all purchased under the S$2 billion value realisation share buy-back programme. With a similar pace to the previous week, with around 90 director interests and substantial shareholdings filed across more than 40 primary-listed stocks over the five sessions. Directors or CEOs reported 28 acquisitions and seven disposals, while substantial shareholders recorded seven acquisitions and two disposals. 1. $EFH Ltd(8YY.SI)$   On 8 June, Embracing Future Holdings (EFH) Executive Director an