To The Moon

Gold futures prices rose. COMEX gold futures rose 0.73% to $4,566.70 per ounce. COMEX silver futures fell 0.41% to $73.22 per ounce.

Shares closed +3.4% at S$58.50. Non-interest income and wealth management fees both hit all-time highs. Dividend raised to S$0.81/share from S$0.75 a year earlier. In a lower-rate world, DBS proved the model works — just not the way the market expected.

April's final session: $S&P 500(.SPX)$ closed at all-time highs (+1%), $NASDAQ(.IXIC)$ +0.89%. Full month: S&P 500 +10.4%, Nasdaq +14.8% — the strongest single-month return since the post-COVID rebound in 2020.

Markets rally prompted by good earnings. Big Tech took turns proving the bull case, recovering March's tariff-driven selloff.

HDD and NAND are different technologies, but they share the same demand driver: AI data center capex from hyperscalers Seagate just told the market: Demand is not just growing — it is already pre-booked into next year Pricing power can be sustained under intentionally constrained supply

Crude oil price movement: latest price is $107.53 per barrel, up from the previous settlement price of $106.88, an increase of $0.65, or about 0.61%. Intraday high reached $109.64, intraday low touched $106.45.

Despite a significant expansion in investment scale, the company still generated $45.8 billion in operating cash flow in the first quarter, with free cash flow of approximately $10.1 billion.

Singapore stocks opened marginally higher on Tuesday, with STI up 0.1%. YZJ Maritime rose 3%, ST Engineering gained 2%, iFast added 0.6%, and OCBC rose 0.3%. ST Engineering secured S4.8billioninnewcontractsinQ12026.CapitaLandAscendasReitexpandedwithS4.8billioninnewcontractsinQ12026.CapitaLandAscendasReitexpandedwithS1.6 billion in acquisitions. Mapletree Pan Asia Commercial Trust's Q4 DPU fell 2.6%. Yangzijiang Maritime ordered 10 new vessels. Stoneweg Europe Stapled Trust posted 1.5% higher DPU. Addvalue Technologies secured US$2.9 million in orders. GSH announced CEO and director retirements.

Tonight at 2 PM ET, the FOMC will announce its decision. Rates are expected to remain unchanged at 3.5–3.75%, marking the third consecutive pause, which is almost fully priced in. What’s really keeping the market on edge is not the number itself, but the Fed’s forward stance. $NASDAQ(.IXIC)$

$DBS(D05.SI)$ reports Q1 2026 results this Thursday, April 30. The stock has pulled back from its record highs since the FY2025 earnings miss in February — when DBS posted net profit of S$11.033B, falling short of the Bloomberg consensus of S$11.375B and down 3% YoY. 4Q FY2025 net profit of S$2.358B also came in 10% below the prior year.