Why I Trimmed My QQQ Position in Mid-October

Trimming a market leader when headlines are roaring and index charts are printing new highs always feels counterintuitive. Back in mid-October, the Artificial Intelligence narrative was still running in full stride. Record hyperscaler capex announcements, relentless semiconductor demand, and endless bullish commentary had convinced broad market consensus that the AI trade had structural runway for miles. Enthusiasm pushed the Invesco QQQ Trust to fresh record peaks once again, and to most investors, the trend looked completely unstoppable.

Would I Buy UOB Bank Shares after the sell off?

Over the past few weeks, global equities took a sharp hit as market-leading tech and AI valuations pulled back. But like most broad sell-offs, the corrections didn't stay confined to these sectors. As institutional capital de-risked across regions, contagion spilled straight into the Straits Times Index—catching Singapore’s major banking trio in the crossfire, most notably United Overseas Bank (UOB) despite its resilient balance sheet.

Singapore Banks Stock Price Have Plunged and I am not buying yet.

When a solid blue-chip stock suddenly pulls back, the knee-jerk reaction for most investors is to jump in and buy the dip. Singapore banks are well known for their strong capital ratios, resilient ROEs, and dominant regional franchises, so buying the dip feels like a no-brainer.

However, I base my decisions on market data and statistical evidence rather than pure emotion. As an OCBC shareholder, that’s why I'm doing nothing for now.