18 Feb 2026
Fascinating study from Bloomberg: S&P Equal Weight outperformance was extremely rare historically:
1999-2002 Dotcom 2009 Post GFC 2020-2021 Covid “Those cases accompanied major shifts in the market.” “Equal-weight S&P managed to maintain some outperformance 250 days later.” “The big question: whether this is the start of an extended period of sharp moves around AI disruptors, and the disrupted.” Source: Macrocharts, Bloomberg
18 Feb 2026
Make or break in NASDAQ
NASDAQ futures are now pressing the lower end of the range. We’re well below the 100-day, with the 200-day sitting just beneath, making ~24,500 in futures the clear make-or-break level. Source: LSEG Workspace TME
18 Feb 2026
Fascinating chart from Goldman Sachs showing how stocks of newspaper companies started to move downward before their earnings took a hit.
Make or break in NASDAQ
18 Feb 2026
Equity Put/Call Ratio jumps to highest level this year and one of the highest levels since June
Source: Barchart
17 Feb 2026
Apple thinks differently
Source: A16Z
17 Feb 2026
The hyperscaler debt explosion:
Source: Brian Sozzi @BrianSozzi
16 Feb 2026
hey, capex is good. It will pay off” consider the historical record
Source: Peter Berezin @PeterBerezinBCA
16 Feb 2026
AI Risk Is Dominating Conference Calls as Investors Dump Stocks
Source: Bloomberg
