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Investment Updates · Daily Market Pulse

Chips bounce, but rate-hike odds jump

Saturday, 7 November 2026 Mixed

Chips bounced on Friday (chip ETF +3.6%, Nasdaq +1.1%) but the week still closed lower (S&P 500 −2.7%, Nasdaq −3.4%); a strong US jobs report (165K vs 59K expected) lifted the odds of a December Fed hike to about 77%, AI credit stress grew (CoreWeave bond yield above 16%), and AIA Global Technology fell 8% on 5 Nov to 22% below its peak.

−8.0%AIA Global Tech on 5 Nov
−0.6%AIA Elite Balanced, same day
165KUS jobs, 59K expected
77%Odds of December Fed hike

Markets

Where markets closed

S&P 5007,376.9−4.5% 3 mo
7,4007,6007,800 11 Aug6 Nov
Nasdaq24,579−7.1% 3 mo
26,000 11 Aug6 Nov
Straits Times Index5,179.2−9.5% 3 mo
5,2505,5005,750 12 Aug6 Nov
Gold4,072.3−8.3% 3 mo
4,0004,500 11 Aug6 Nov
WTI crude oil90.53+8.8% 3 mo
90.00100 11 Aug6 Nov
US 10-year yield4.86%+18 bp 3 mo
4.75%5.00%5.25% 11 Aug6 Nov
MarketLevelDay1 monthYear to date
S&P 5007,376.9+0.3%−5.0%+7.8%
Nasdaq Composite24,579+1.1%−9.6%+5.8%
Straits Times Index5,179.2−2.2%−4.3%+11.5%
Hang Seng Index24,482−1.3%+1.5%−4.5%
US 10-year Treasury yield4.86%+2 bp−37 bp+70 bp
US dollar index102.3+0.7%+0.1%+4.1%
Gold4,072.3−1.0%−2.0%−6.2%
WTI crude oil90.53+0.0%−1.1%+57.7%

Closing levels before 7am Singapore time on Saturday, 7 November 2026. Source: Yahoo Finance.

Sectors

Which parts of the market moved

US sectors, gold and Treasuries: one dayClose of 6 Nov · ETF price changeRoseFell

Leadership rotates

When one part fell, another held up

AIA funds on the rout day: technology vs propertyThu 5 Nov 2026RoseFell

While the S&P 500 fell 4.4%, AIA Elite Balanced fell only 0.6% and AIA Global Bond rose 0.3%. Global Property is +8.0% in a month as yields eased.

AIA funds: technology vs health care1 month to 5 Nov 2026RoseFell

A gap of 32 points in a month. For the year Health Care is +13.8% and Global Technology +5.6%; a month ago tech was well ahead.

AIA funds: emerging markets vs India1 month to 5 Nov 2026RoseFell

For the year it is the other way round: Emerging Markets +11.3%, India −9.3%. On 5 Nov India's Sensex rose 2.6% while Korea's Kospi fell 5.3%.

This is why a portfolio is reviewed, not just chosen: leadership changes, and regular rebalancing keeps the mix in line with your goals.

Lessons from the market

What today teaches

After a fear spike, patience beats speed

On 5 Nov 2026 the market's fear gauge (VIX) jumped from about 17 to 28 in a day, and the Nasdaq fell 5.5%. History says two things about days like this. Over the next six months, the S&P 500 has usually been higher. But over the next month it has often been bumpy, and after the Nasdaq's past pullbacks the selling often went on for about another month. So the sensible move is neither to sell in fear nor to rush in, but to add in planned steps.

The principle

Big fear days have often been followed by better six-month returns, but the first month is usually rough. Time and staged adding do more than trying to catch the exact bottom.

The numbers
  • VIX 16.6 → 28.2 on 5 Nov 2026, its biggest one-day jump since April 2025
  • 19 similar VIX spikes since 1990: S&P 500 median +4.8% six months later, higher 79% of the time; one-month average −0.4% (CNBC, 6 Nov 2026)
  • Nasdaq about 11% below its October record on 5 Nov 2026; after 10 past declines, higher six months later in all but 2022 (CNBC)

Sources: cnbc.com · cnbc.com

Same storm, very different damage

On 5 Nov 2026 the S&P 500 fell 4.4%. AIA fund prices for that day show how much the mix mattered: the AIA Global Technology Fund fell 8.0% and the AIA US Equity Fund 4.4%, while the AIA Elite Balanced Fund fell only 0.6%, and the AIA Global Bond and Global Property Returns funds rose. Over the month, Global Technology is down 21.8% while Health Care is up 10.2% and Global Property up 8.0%. See the ranking: last month's leaders are near the bottom now.

The principle

A balanced mix doesn't avoid bad days, it shrinks them. Different parts take turns leading, so the mix needs regular checking and rebalancing.

The numbers
  • S&P 500 −4.36% on 5 Nov 2026 (MacroMicro daily table)
  • AIA Global Technology −8.0%, AIA US Equity −4.4%, AIA Elite Balanced −0.6%, AIA Global Bond +0.3%, AIA Global Property Returns +1.9% on 5 Nov 2026 (FAT prices)
  • 1 month to 5 Nov 2026: AIA Global Technology −21.8%, AIA International Health Care +10.2%, AIA Global Property Returns +8.0% (FAT prices)

Sources: AIA fund prices · t.me