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So anyway, this week was a bit of a rollercoaster in the stock market. Dunno why, but I kept thinking about Singapore Airlines (SIA) — maybe because the news was buzzing about them in the Weekly Market Review. Oh, right, and this thing was in partnership with the Securities Investors Association Singapore or something like that. If you’re curious about all the nitty-gritty details, there’s a video they put out there, but who has time for that, right?
Anyway — no, wait, let me rewind a bit. The big news was the US CPI thingy for May. Turns out it wasn’t as bad as people feared, which I think gave everyone a bit of a breather on the whole inflation front. But then, out of nowhere — bam! Geopolitical drama between Israel and Iran. Like, seriously?
Apparently, Israel decided to hit Iran’s nuclear facilities, and oil prices didn’t just rise, they leaped from $60 to $73 a barrel. Can you imagine? It kinda sent the markets into a tizzy. The big names out there, like S&P 500, slipped by, uh, 0.4%. The STI and Nasdaq weren’t much better, both dropping 0.6%. And the Dow Jones? It fell 1.3%, because why not?
Oh, and then there was some noise about US-China trade talks. Something about tentative progress, whatever that means. Maybe they’re getting somewhere, or maybe it’s all just talk. Who knows?
Anyway — did I say that already? — it’s all a bit confusing, to be honest. Like, the world’s kinda chaotic, but somehow it all ties back to numbers and percentages. Or maybe that’s just me trying to make sense of it all. The markets, man. They’re wild.