THE MASTER EARNINGS SEASON CALENDAR
Here are the most popular stocks that report earnings this week February 9th - February 13th. Source: Earnings Hub
Massive inflows into Korean stocks have some cross-border ripple effects...
The Korean momentum kamikazes dumped bitcoin, dumped gold, dumped silver, dumped anything that did not have upward momentum and piled into Korean memory stocks at a record pace. Source: BofA, zerohedge
Goldman Sachs $GS warns that US stocks could face more selling this week, driven by trend-following funds known as CTAs, which have already hit sell triggers in the S&P 500.
The bank estimates CTAs could dump up to $33 billion this week — and as much as $80 billion over the next month if the S&P 500 keeps falling. Source: Jesse Cohen
The Most Important Investing Theme of 2026 is HALO
HALO stands for Heavy Assets, Low Obsolescence. These are undistruptible companies from an AI standpoint. There’s nothing Sundar Pichai and Sam Altman can take from them Source: Ritholtz
U.S. Mineral Import Reliance Hits New Highs
The latest USGS mineral commodities report shows the U.S. is becoming increasingly dependent on foreign sources for critical raw materials, raising risks for both national security and industry. Import reliance rose across nearly all non-fuel minerals, with the U.S. now 100% dependent on imports for 16 minerals and more than 50% reliant on imports for 54 of the 90 tracked commodities, both up from last year. This trend underscores the growing urgency to strengthen domestic supply chains as geopolitical and trade risks make foreign dependence more vulnerable. Tracy Shuchart (𝒞𝒽𝒾 ) @chigrl
Microsoft, $MSFT, has erased all of its outperformance vs. the S&P 500 since ChatGPT launched in November 2022.
The stock is now -27% below its highs, the largest drawdown in over a decade outside of 2022. It also ERASED over 2 years of gains. The MSFT/SPX ratio is down to its lowest since November 2022 and well below the 5-year average. One of the biggest AI investors is now one of the WORST-performing mega-cap stocks. CapEx is not fancy anymore. Source: Bloomberg, Global Markets Investor
As shown on the chart below, the iShares Expanded Tech-Software Sector ETF (IGV) and bitcoin look like twins...
Source: Bloomberg
Big Tech is spending massively in AI as they all want to win the "AI war".
The combined 2026 capex for the Mag 7 now totals $655 BILLION. To put things in perspective, the German government special infrastructure fund is totalling €500 billion OVER 12 YEARS... ‼️ Source: The AI Investor
