BlackRock is eating the world. Total assets under management hit a record $14 TRILLION after the firm pulled in $342bn of client money in Q4 alone.
Source: HolgerZ, Bloomberg
$7.8 Trillion is now sitting in Money Market Funds, a new all-time high
Source: Barchart
The Great Rotation Small-Caps vs. Large-Cap
rotation
Taiwan will invest $ 250 billion in U.S. chipmaking under new trade deal
The U.S. and Taiwan have reached a trade agreement to build chips and chip factories on American soil, the Department of Commerce announced Thursday. As part of the agreement, Taiwanese chip and technology companies will invest at least $250 billion in production capacity in the U.S., and the Taiwanese government will guarantee $250 billion in credit for these companies. In exchange, the U.S. will limit “reciprocal” tariffs on Taiwan to 15%, down from 20%, and commit to zero reciprocal tariffs on generic pharmaceuticals, their ingredients, aircraft components and some natural resources. Source: CNBC
European Troop Commitments to Greenland
Number of European troops (by country) sent to Greenland to boost security... No, this is not a joke...
BREAKING: The AI chip boom shows no signs of slowing.
Taiwan Semiconductor, $TSM, reported a +35% YoY increase in net profit for Q4 2025, driven by surging AI chip demand. Asia’s most valuable company has now posted YoY profit growth for 8 consecutive quarters. At the same time, revenue grew +21% YoY in Q4 2025, to $33.7 billion. Both revenue and profit beat analyst estimates. Full-year 2025 revenue jumped +32% YoY and surpassed $100 billion for the first time in company history. TSMC also expects record CapEx in 2026, at $52-56 billion, up +32% YoY, to expand global manufacturing capacity. Source: The Kobeissi Letter
US SENATE VOTING ON CLARITY ACT CANCELLED 🚨 Most people don't know the real reason behind this.
The Senate Banking Committee has pulled the vote on the Clarity Act after major pushback from the crypto industry, including Coinbase’s announcement that it won’t support the Crypto Market Structure Bill. Key points of concern: Stablecoin Yields Crushed The Act would ban interest payments on stablecoins, benefiting big banks by eliminating competition and protecting their deposit monopoly. Tokenized Equities Restricted Tokenized stocks would fall under the SEC’s strict securities rules, effectively blocking peer-to-peer or DeFi-style stock tokenization. Permissionless DeFi Threatened AML/KYC rules would require identity verification and monitoring, undermining DeFi’s core principles of anonymity and open access.
This is HISTORIC: The gold-to-silver ratio plunged to 50, the lowest in 14 YEARS.
This means it now takes just 50 ounces of silver to buy 1 ounce of gold, down from ~105 in April 2025. Since then, gold prices have rallied +43% while silver prices have SKYROCKETED an unbelievable +186%. Silver is outperforming gold at the fastest pace in decades. Source: Global Markets Investor Global Markets Investor
