AI boom, oil’s ‘peace premium,’ and the Fed’s sticky inflation dilemma
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This week, global markets touched record highs, powered by a blistering, AI-led stock rally. Is this genuine, sustainable growth driven by accelerating real-world use cases, or a speculative mania waiting to pop? Hugh Chung, chief investment officer of Endowus, weighs in on the blistering semiconductor gains and the earnings reports that suggest the revolution is real—for now.
- The $100 barrel question: supply risk or “peace premium”? How much of the current cost is driven by genuine, structural supply issues—like damaged infrastructure and disruption in the critical Strait of Hormuz—versus a transient ‘peace premium’ that could evaporate?
- Inflation’s sticky grip: what will finally move the Fed? Despite fleeting hopes for energy cost relief, bond yields and core inflation remain persistently high. The longevity of sticky inflation is the ultimate determinant for every investor.
- Beyond the US: new tech leaders and the gold paradox Plus, we examine Asia’s exploding markets, where giants like Samsung and TSMC are hitting $1 trillion valuations. Are South Korea and Taiwan now the undisputed new global leaders in tech manufacturing? And is the “gold paradox” signalling a new market dynamic, or is it simply a renewed correlation to falling real yields?
Tune in for essential clarity on the critical drivers moving your portfolio.
Discover more episodes at bt.sg/podcasts. Got feedback? Email us at btpodcasts@sph.com.sg.
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Written and hosted by: Howie Lim (howielim@sph.com.sg)
With Hugh Chung, chief investment officer, Endowus
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Edited by: Howie Lim & Claressa Monteiro
Produced by: Howie Lim & Chai Pei Chieh
A podcast by BT Podcasts, The Business Times, SPH Media
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