🚨HAVE US TECH STOCKS PEAKED?
Tech, telecom, and healthcare stocks now make up 44% of global market cap, matching the 2000 Dot-Com bubble peak. Back then, this level marked a major turning point, followed by years of underperformance. Meanwhile, financials, energy, and materials have risen to 25%, mirroring the same early-cycle recovery pattern seen after the Dot-Com peak. Will industrials OUTPERFORM over the upcoming decade? Source: Global Markets Investor
Best defense is defense...
Source: Charlie Bilello
Kospi -6%, bigger drop than Liberation day, worst day since August 2024 carry trade unwind
Source: www.zerohedge.com, Bloomberg
$EWY iShares South Korea is up 54% in 39 trading days in 2026
Source: TrendSpider
Israel’s stock exchange is up 8.85% in live markets now.
The local index is up 3.74% today as well. It looks absurd as missiles fly toward Israel. However, markets are likely pricing in the perception of a "decisive victory" and long-term risk reduction of Iran. Source: Trading View, Serenity
TRILLION DOLLAR BABY
Samsung becomes the first Korean company to reach a $1 trillion market capitalization. Source: Jukan @jukan05
Yes, stocks in the US have been choppy so far this year
But looking at a four-year Presidential cycle, this is actually quite common for mid-term years.” Source: Daily Chartbook @dailychartbook
Anthropic’s AI Standoff Could Trigger Historic Software Short Squeeze
Anthropic, creator of Claude, is at the center of a clash between AI ethics and U.S. defense policy. After winning a $200M classified contract, the Pentagon demanded compliance with a broader AI doctrine, conflicting with Anthropic’s safety guardrails. Tensions escalated following Claude’s military use, threatening contract cancellation and supply chain pressures. With Software & IT Services at record short levels, resolution, either compliance or Pentagon compromise, could spark a massive short squeeze, highlighting the battle over control of frontier AI. Source: ZeroHedge
