June 2026 brought a full-blown geopolitical thriller. The month kicked off with the markets teetering on a knife-edge. The fragile "peace dividend" we celebrated a couple of months back evaporated as the US launched targeted strikes on Iranian sites. Oil threat-level indicators started flashing red again, stagflation talk dominated the airwaves, and a brutal two-day tech selloff left investors sweating. To anchor the drama, public markets were also coping with a massive liquidity vacuum as capital scrambled into the historic $75 billion SpaceX IPO while the World Cup has commenced.
And then? History repeated itself. Just as the VIX spiked and panic began to set in, fresh headlines dropped of a potential breakthrough framework agreement with Iran. Oil plunged back to a two-month low, the AI chip trade recaptured its mojo ahead of the listings, and the bears were left empty-handed once again.
Through all the noises, my net worth quietly creeps to a new record high of SGD 2.24m in June...