To The Moon

1.The Worst of the BestThis table shows drawdown stats for some of the best performing stocks of our times. It goes to show that not only do you have to pick the right stock, but you have to be able to hold-on and navigate through sometimes catastrophic (and drawn-out) declines during the process... $S&P 500(.SPX)$ $Amgen(AMGN)$ $Apple(AAPL)$ $Paychex(PAYX)$ $Home Depot(HD)$ $Progressive(PGR)$ $Williams-Sonoma(WSM)$ $Stryker(SYK)$

1.Monetary Tailwinds & Commodity Prices.We’re seeing the amassing of major monetary tailwinds heading into 2026.Historically this kind of shift to easing has lit a fire under commodities.(and ultimately: inflation) 2.Follow the Leader...Gold has blazed the path, commodity catch-up comes next.Here's why we need to prepare for a new cyclical bull market in commodities: 3.Shortage of growth stocks?(and glut of value stocks 🤔 )p.s. the latest figures (28 Dec 2025) are Growth Stocks: 396, Value Stocks: 876. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.🎉Cash Boost Account Now Supports 35,000+ Stocks &am

1.2025 saw a *spectacular* surge in ETF launches...This chart is basically a gauge of speculation and risk appetite.As with many sentiment type indicators, you have a better time in the stock market when it’s troughed and turning up vs surging and climaxing after an extended run. 2.Beware of "obvious"!! 🚨 ⚠️ The ironic thing in markets is that once you have all the evidence, once everyone agrees, once the theme becomes obvious...It's almost always *obviously wrong*case in point 👇 (global equities, esp. Europe & Emerging Markets, handily outperformed US equities this year) For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

1.One of the biggest surprises (for most people) was how well Global ex-US Equities did this year.(both absolute + relative to US)And arguably still room to run...2.Burgeoning Bear...They say: "If in doubt, just zoom out." And in zooming out for the US dollar, the pattern of price action becomes clear; it looks like a bear.3.Global commodity stocks undertook a major breakout this year.(and they're likely just beginning...) For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility NowFind out more here.Complete your first Cash Boos

1.Chinese Tech Stocks were a classic contrarian bull setup at the turn of the year -- and went on to deliver spectacular performance.Important reminder to check your biases (and information sources).Many people missed this... 2.A new cyclical bull market began in Commodities this year.With valuation indicators still cheap, technicals turning up, and a number of other tailwinds in play, this is going to be a key chart + asset class to watch in 2026! 👀 🧐 🤔 For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility NowFind out more he

Here's the relative performance line for consumer staples -- you can see how the extremes in relative value were created.Staples lagged behind into the dot com peak, and gained ground during the 08 crash.More recently they have basically lagged for the past decade during the rise of big tech.Staples are described as defensive for this reason (healthcare, utilities, and sometimes REITs and gold miners, among others also fall into this category). $S&P 500(.SPX)$ You can kind of think of staples' relative performance line as a synthetic asset (i.e. long staples vs short S&P500). That synthetic asset did very well in 2022 (and did ok [briefly!] in March 2020, April 2025).This synthetic asset is now very cheap, and will probably serve as a dece

1.Consumer Staples extreme cheap vs the index.Some would say this is an opportunity.Others would say this is the type of thing you see at the top (n.b. notice where it traded at the dot-com bubble peak vs the 2009 financial crisis lows). 2.Shrinking Large Caps!Large caps (i.e. the S&P500 $S&P 500(.SPX)$ -- excluding the top 100 mega-caps) market cap weight has shrunk to the smallest % on record.Still much larger than small and mid caps, but another sign of the times in these lop-sided markets (which are rich in price & opportunity For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.Complete your first

$S&P 500(.SPX)$ size indexes relative performanceBasically everything that's not mega caps have underperformed --- even large caps have seen significant underperformance (i.e. the S&P500 excluding the top 100 stocks)Highly unusual, but whenever it happens like this eventually you see some give-back... Rate Cuts = Commodities Up. 📈 A global pivot to rate cuts over the past 2 years has set up a major tailwind to growth ...and ultimately higher commodity prices. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 sto

1.The history of US interest rates is one of long-term cycles...Up phases, and down phases.High rates, low rates.But something stands out >> these cycles used to take a long time to run their course. The recent upcycle was faster and sharper.Is this the beginning of cycle compression? 2.Key theme for 2026... 🧐🤔Gold $Gold - main 2602(GCmain)$ is Expensive.Commodities are Cheap.Rotation time? 3.Bonds $iShares 20+ Year Treasury Bond ETF(TLT)$ are still in a bear market...But here's some clues on the next steps: For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.Com

1.Tech share of total S&P500 $S&P 500(.SPX)$ corporate capex has reached new all-time-highs. 👀 Bubble or boom, this is extreme. 2.After spending ~20-years dumping Gold $Gold - main 2602(GCmain)$ (in the 90's/00's), Central Banks have spent the last 15-year undoing their previous mistake...Reserves Diversification remains a key driver in the modern Gold bull market. 3.A major secular tailwind behind US Equities has been the rise and rise of foreign stockholders.I'd call this a strength, a potential weakness, and a reflection of multiple facts-of-life in modern markets. For SG users only, welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commissi