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Equities, rates, commodities, and flows, explained with real figures.

For years, Singapore's stock market was quietly dying. Now it is building a bridge to Nasdaq.

The money kept flooding in.

LEE HANSANG · Jul 10, 2026 · 1 min read

The AI gold rush is cooling. Investors are back to one boring question. Does it actually make money?

This month it got real.

LEE HANSANG · Jul 3, 2026 · 1 min read

The smartest VCs stopped funding AI startups. They are buying old, boring companies instead.

For two years, everyone chased the next AI startup.

LEE HANSANG · Jul 1, 2026 · 1 min read

If your company isn't AI, the 2026 IPO window isn't really open for you.

AI and AI-adjacent companies make up roughly 92% of this year's IPO pipeline by value.

LEE HANSANG · Jun 26, 2026 · 1 min read

The investor who called the 2008 crash is now shorting AI. He thinks 2026 is 1999.

Michael Burry told his subscribers in May that "the market has jumped the shark," then took a leveraged short on chips through early 2027.

LEE HANSANG · Jun 23, 2026 · 1 min read

220 unicorns hit their peak in 2021. Most of them are never coming back.

These were the companies that defined a generation of startups.

LEE HANSANG · Jun 16, 2026 · 1 min read

The largest IPO in human history happens today. $1.75 trillion valuation. $75 billion raised. More than 2.5 times what Saudi Aramco did in 2019 — the previous record.

Most people see a space company going public.

LEE HANSANG · Jun 12, 2026 · 1 min read