Latest / Arctos x Teddy Sin - Coffee Break, Market Take / 23/10/2026 Fri - A good earnings report can still sink a stock
Transcript
- This is my AI voice. The script comes from my market research system, and a person checks it before it goes out. It's education, not personal investment advice. Good morning. Teddy here. Here's an idea most people carry around without checking it. Good results mean a rising stock. Yesterday showed you why that idea is expensive. Meta reported a solid quarter. It even announced a two-for-one stock split. And the stock fell almost seven percent. It closed at 648 dollars and 85 cents. So what happened. The market was not grading the quarter. It was grading the bill. How much money is going into AI. How much of it is borrowed. And when does it come back as revenue. CoreWeave, which rents out AI computing power, fell about ten percent on worries about its debt. Chip stocks were sold too. The Nasdaq Composite closed 2.6 percent lower, at 26,008. The S&P 500 fell 1.21 percent. And the Dow. The Dow was flat. Up 0.02 percent. That tells you something. The money did not run away. It moved from one corner to another. Asia felt it first, on Thursday. The Nikkei 225 closed 2.65 percent lower, at 62,907. That's the first close below 63,000 since the middle of September. SoftBank Group fell almost seven percent. In Hong Kong, the Hang Seng closed about three percent lower, and the Hang Seng Tech index fell just over five percent. Korea's Kospi dropped 3.5 percent. Now, the second story. Oil. Attacks on shipping near the Strait of Hormuz, and strikes on Saudi infrastructure, pushed crude higher. Brent rose about 2.8 percent, to around 112 dollars a barrel. That's the highest since May. WTI is near 99 dollars. Why should you care if you never trade oil. Because oil goes into almost everything. Transport. Food. Electricity. When oil climbs, inflation worries climb with it. And when inflation worries climb, people start asking whether interest rates will stay high for longer. Which brings me to the third story. The Federal Reserve. The Fed meets next Tuesday and Wednesday. Most people expect no change. But a rate hike in December is still on the table, and higher oil makes that talk louder. Gold felt it. Gold fell about 2.3 percent, to around 4,047 dollars an ounce. Silver fell about 4.5 percent. Gold pays you no interest. So when rates look set to stay high, gold has a harder time. The ten-year Treasury yield actually came down, about eleven basis points, to around five percent. That's people buying bonds for safety while tech was being sold. Two forces pulling in opposite directions. That's why I call it two-way pressure. Closer to home. Bursa held up well. The FBM KLCI rose 0.36 percent to 1,608, helped by buying in TNB and some banks. But look under the hood. More stocks fell than rose, 681 against 420. So the index looked calm while many smaller names did not. The ringgit closed a little weaker, at 4.08 to the US dollar. Palm oil futures firmed. The January contract closed 25 ringgit higher, at 4,792 a tonne. Better export estimates for October helped. Bitcoin is around 81,900 dollars, down about 1.5 percent over a day. And yet spot Bitcoin funds took in 528 million dollars on Wednesday. Money going in, price still slipping. When those two disagree, I wait. What's on the calendar today. Japan's September inflation number comes out at 7.30 in the morning, Malaysia time. Before Tokyo opens. If it runs hot, it supports the case for a Bank of Japan hike in December, and that can pressure Japanese exporters. Tonight at 9.45 we get the US business surveys. At 10 we get the final University of Michigan reading, including what people expect for inflation. That last one matters for gold and for bonds. So here's how I'd hold today. Three pressures at once. Tech has spending doubts. Oil has conflict risk. Rates may stay high for longer. When three things pull together, the swings get wider. That doesn't mean you have to do something. Missing a move costs you nothing. A big loss costs you a lot. The point of all this is a calmer month, a steady bit of income, a better dinner with the family. Not a heroic trade. Go back to three things. Candles. Direction. Momentum. Check your own chart. Decide your risk before you decide anything else. This is educational market commentary, not personal financial advice. No outcome is guaranteed. Markets carry risk of loss. Size your risk before any trade. Survive first. See you tomorrow.