“We know that we’re going to get some kind of a cut on Wednesday.” – 01:14

Peter Tuchman, Senior Floor Trader at TradeMas, joins Remy Blaire to discuss the current state of the U.S. stock market as it approaches a significant week with the Federal Reserve’s anticipated rate decision. 

Peter expresses that the market feels strong, suggesting that the current rally could be a “melt-up” or a short-covering event fueled by anticipation of the Fed’s actions. He notes that historically, the market tends to respond positively during cutting cycles, and he predicts that multiple rate cuts could occur by the end of the year.

As the conversation progresses, Peter raises concerns about emerging signs of economic slowing, which could lead to a hard landing. He emphasizes that while the market is trading at record highs, there is always the potential for a pullback, especially if economic data begins to weaken.

The discussion shifts to Tesla’s recent pre-market performance and Elon Musk’s renewed focus on the company. Peter interprets Musk’s actions as a demonstration of confidence, suggesting that this could positively impact Tesla’s stock, which has faced pressure recently. He advises caution, noting that while buybacks can sometimes present shorting opportunities, in this instance, it may be a favorable time to buy.

Remy and Peter also touch on the ongoing competition for the title of the world’s richest person between Larry Ellison and Elon Musk, as well as the broader implications of the Fed’s decisions on various asset classes. Peter underscores the significance of Jay Powell’s press conference following the rate decision, warning traders to prepare for volatility as the market reacts to the news.

“AI seems like the gift that keeps on giving.” – 03:42

Peter Tuchman, Senior Floor Trader at TradeMas, joins Remy Blaire to discuss the recent surge in U.S. stock markets, which have reached record highs.

Peter elaborates on the market’s behavior, referencing the adage “buy the rumor, sell the news.” He notes that markets tend to rise until they reach a peak, and despite the potential for a pullback, the current sentiment is one of euphoria, with investors actively buying across various asset classes, including cryptocurrencies and equities. Remy and Peter discuss the impressive earnings reports, with 80% of companies beating expectations, and the positive guidance that has contributed to this bullish sentiment.

A key highlight of their conversation is the recent performance of Oracle, which saw its stock price soar over 35% after reporting earnings, despite missing on both the top and bottom lines. This reaction underscores the market’s focus on future potential rather than just current performance. They also touch on the explosive growth of 8Co, which experienced a staggering quadruple percentage gain, reflecting the growing interest in AI-related investments.

As they approach the upcoming Federal Reserve meeting, Remy and Peter discuss the anticipation surrounding the decision on interest rates. Peter shares his insights on the likelihood of a 50 basis point cut, given the current economic data, and speculates on the potential for multiple cuts by the end of the year. He emphasizes the importance of the Fed’s communication and how it will impact market sentiment moving forward.

“We do have an infrastructure that’s in place that we constantly use to actually help our clients to simplify processes, to simplify regulation.” – 01:23

Desmond Foo, CEO of Enigmatig, joins Remy Blaire to discuss the recent surge in IPO and deal-making activity, which has rebounded despite earlier concerns over tariffs. 

Remy inquires about Enigmatig’s decision to choose the U.S. as its preferred listing location. Desmond responds that, although their headquarters is in Singapore, their clientele is global. He emphasizes that the U.S. market offers the confidence and credibility that resonate with their diverse clients, making it an ideal destination for listing.

As the conversation progresses, Remy asks how Enigmatig’s listing enhances its ability to support clients through various stages of expansion. Desmond highlights the importance of speed in the current market climate, noting that access to additional funds through listing allows Enigmatic to invest in infrastructure, technology, and talent. This investment ultimately enhances their capacity to assist clients in achieving their growth objectives.

Towards the end of the segment, Remy prompts Desmond to share insights on the current state of international market expansion for SMEs. Desmond describes a growing trend among Asian customers looking to go global and explains Enigmatig’s mission to help clients expand by being local in their target markets. He also mentions the increasing interest from Western companies seeking to enter Asian markets, positioning Enigmatic as a key facilitator in these cross-border expansions.