Summary of June 2026

CPI result released

The latest U.S. Consumer Price Index (CPI) report shows that in May 2026, prices rose 0.5% month‑on‑month (seasonally adjusted) and infliation 4.2% year‑on‑year in May (not seasonally adjusted). The biggest drivers were energy (+23.5% YoY, gasoline +40.5%) and shelter (+3.4% YoY), while food prices rose more moderately at 3.1% YoY. 

Energy is the main inflation driver, because of closing strait of Hormuz has started showing up in the inflation data.

Core goods actually fell -0.5% month over month. Consumers are still willing to spend their on goods.

We will need to see how Kelvin Warsh interpret this CPI report. CPI report release

Fomc meeting 

Us federal reserve to hold interest rates steady 3.50%- 3.75%. This is Kevin Warsh’s first meeting, he was called for removing forward guidance and appointing task force tackling five areas of monetary policy 

SpaceX IPO debut

IPO price was $135 and trading to public $150. I think there are many hot money flowing into SpaceX at this moment. To me, the price of this stock simply overprice but if we look at the broader picture we can see their vision is to operate data centre in the space however to achieve this first step SpaceX need Nvidia products and services in order to accomplish data centre in space. Nvidia has been broadening moat by entering space and PC market with Mircosoft ( strong moat in software enterprise and second largest cloud computing  market cap).

Overall Nvidia is still undervalue when including this new revenue streams.

Market selloff

Mag 7 receiving strong outflow even though they are reporting stronger earning probably of CPI, strong capex and Iran conflict if we excluding Mag 7 actually 493 companies still holding strong while I think S&P 493 are closing the gap in the AI narrative.

US Portfolio

I added MSFT $388  and SPGI $423.56 this month. Their fundamentals remain intact but I seeing MSFT being a platform for AI agent year ahead with the help from Nvidia and I consider selling MBGL in the future to add back SPGI as I love SPGI being pure financial data after spin-off. Hopefully I can get Sofi if option being called this month, I believe this busniess but cautious about my position sizing.

Option activities

Type

Stock

Strike price

Premium

Expiration

Sell-Put

Sofi

14

0.06

260618

 

Sofi

14.5

0.19

260710

As of 14/06/2026

Continue to do wheel strategy to buy Sofi at $14 if hit below. The recent acquisition helps improving areas like B2B and retail investors increasing cross-selling transactions. They qualify in S&P inclusion based on QoQ earnings and CEO is buying shares in public market however if compare the past transaction,CEO did not buy as much as before.  click here to find SoFi 2026

Shares Builder Plan

I closed Capland Ascendas. I don’t see long-term benefits for holding REITs given their sensitivity to interest rate hikes, right issue, and low cash flow to support acquisition projects. I feel REIT is leverage operation environment due to policy that they must do 90% payout for shareholders and the worst is they cannot share buyback to defend share price. Over time is dragging my wealth growth even though they rewarding good dividend payout. Reit is not a retirement tool but finding a strong company that pay meaningful dividend is important.

I am deploying the money into OCBC  for 4 tranches; I believe local banks and government are selling trust and certainty to attract overseas Family Office in the midst of geopolitics conflict. Family Office is willing to pay low tax because of trust and stability for the safety of their money as long as Singapore provides security and stable currency to resist volatile, rupiah crisis causing Indo families parking their cash to oversea, it just reminded of similar case like China cracking rich family a few years ago. OCBC is just focus on Indonesia banking business in the right time. I see indo families holding since young. I know OCBC has a lot of growth areas to catch up DBS and PB is slightly premium which is fine as  they progressing well.OCBC Annual Report 2025

 I still continue to add SGX and Sheng Siong this month.

 

 

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