DBS crossing S$6B in total income with record profit shows Singapore banks are still printing in a high-rate world. That’s real cash flow, no capex drama. SpaceX getting hit 13% after beating revenue is just public markets learning to price heavy AI spend. Musk locking compute to Nvidia means the AI arms race is accelerating, not slowing. Gold +4% is the hedge, and DBS is the steady compounder in the mix.