US core PCE inflation is not in a decline anymore.

The monthly core PCE is 0.3% and the yearly core PCE is 2.7%.

The monthly core PCE inflation seems to be rearing its head again.

Just as we've projected before, there was not much room left for inflation to fall any further.

https://sg-stock.blogspot.com/2024/10/the-us-core-inflation-is-not-bottoming.html

Hot news! US treasury secretary wants to exterminate stablecoins!

 
What about other cryptos?

We've stated our views before (See below).

https://sg-stock.blogspot.com/2024/10/cryptos-such-as-bitcoin-btc-are-coming.html

The US Q3 2024 GDP has underperformed its Q2 GDP.

US Q3 GDP: 2.8% 

Let's break down the Q3 GDP to see what are the changes compared to Q2.

GDP = G + I + C + NE

Q2 GDP (Final estimate) = 0.52 + 1.47 + 1.9 + (-0.9) = 2.99 (3)

Q3 GDP (First estimate) = 0.85 + 0.07 + 2.46 + (-0.56) = 2.82 (2.8)

We can see that the government spending (0.85), consumption (2.46) and net export (-0.56) have improved from Q2 GDP but the investment (0.07) has a significant drop that wipes out all the improvements.  This denotes that the investment climate in the US is deteriorating massively.

However, we have our doubts about the veracity of the US GDP, particularly the consumption and net export.  The US GDP subcomponent (net export) doesn't sync with the deteriorating BDI (see below).

https://sg-stock.blogspot.com/2024/10/baltic-dry-index-1410.html

We had stated previously that the US couldn't hide its slowing economy soon.

https://sg-stock.blogspot.com/2024/10/the-us-cant-hide-its-slowing-economy.html

NikkoAM-STC Asia Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/25/24	phillip	NikkoAM-STC Asia Reit	0.766	0.82	Accumulate
09/27/24	phillip	NikkoAM-STC Asia Reit	0.855	0.845	Accumulate

Netlink - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/19/23	DBS Vickers	Netlink	0.895	0.98	Buy
05/22/23	UOB Kay Hian	Netlink	0.9	1.05	Buy	DCF
05/22/23	phillip	Netlink	0.9	0.87	Neutral	DCF
05/22/23	CIMB	Netlink	0.9	0.95	Add	DDM
05/22/23	Lim & Tan	Netlink	0.9	0.98	Hold
05/23/23	OCBC	Netlink	0.9	0.98	Buy
05/23/23	Kim Eng	Netlink	0.9	0.97	Buy
06/07/23	Citi Research	Netlink	0.865	0.99	Buy
06/22/23	Lim & Tan	Netlink	0.86	0.98	Hold
08/18/23	DBS Vickers	Netlink	0.86	0.98	Buy
08/18/23	Lim & Tan	Netlink	0.86	0.98	Accumulate
08/21/23	UOB Kay Hian	Netlink	0.86	1.05	Buy	DCF
08/22/23	Kim Eng	Netlink	0.86	0.97	Buy
08/22/23	CIMB	Netlink	0.86	0.95	Add
08/23/23	phillip	Netlink	0.85	0.87	Neutral	DCF
11/07/23	UOB Kay Hian	Netlink	0.84	1.01	Buy	DCF
11/07/23	DBS Vickers	Netlink	0.84	0.98	Buy
11/07/23	Citi Research	Netlink	0.84	0.99	Buy
11/07/23	CIMB	Netlink	0.84	0.95	Add	DDM
11/07/23	Kim Eng	Netlink	0.84	0.97	Buy
11/08/23	phillip	Netlink	0.84	0.87	Neutral	DCF
11/28/23	Citi Research	Netlink	0.815	1.06	Buy
01/04/24	Citi Research	Netlink	0.85	1.06	Buy
02/07/24	Lim & Tan	Netlink	0.85	0.98	Hold
02/08/24	UOB Kay Hian	Netlink	0.845	1.01	Buy	DCF
05/17/24	phillip	Netlink	0.865	1.01	Accumulate
05/17/24	Lim & Tan	Netlink	0.865	1.01	Accumulate
05/20/24	UOB Kay Hian	Netlink	0.865	0.98	Buy	DCF
05/20/24	DBS Vickers	Netlink	0.865	0.98	Buy
05/20/24	Kim Eng	Netlink	0.865	0.97	Buy
05/23/24	phillip	Netlink	0.865	0.87	Neutral	DCF
06/27/24	Lim & Tan	Netlink	0.825	0.96	Accumulate
07/09/24	Lim & Tan	Netlink	0.83	0.96	Accumulate
08/06/24	UOB Kay Hian	Netlink	0.835	0.98	Buy	DCF
08/07/24	CIMB	Netlink	0.84	0.95	Add
08/07/24	Kim Eng	Netlink	0.84	0.97	Buy
08/07/24	DBS Vickers	Netlink	0.84	0.98	Buy