Week Ahead: 14 July 2025 None of my clients were allocated units in the NTT DC REIT IPO on SGX, except for one who applied for 1,000 units. How about you? NTT DC REIT is scheduled to debut on 14 July at 2:00 PM, and strong demand suggests we may see fireworks on the first day of trading. Over the next two weeks, market direction is likely to be driven by corporate earnings guidance and how companies are adjusting post the “Liberation Quarter.” In particular, AI leaders such as Nvidia Corp and TSMC will remain in the spotlight as they continue to lead the current bull run. Short Term: S&P 500 (SPX): The S&P 500 has approached and is consolidating near our previously identified 6,300 resistance zone, which corresponds to the 2.618x Fibonacci extension. A sustained breakout above this level, supported by expanding demand, would open the path toward our next upside objective at 6,600. On the downside, initial support is expected at 6,150. Momentum-driven traders...