Editor’s Notes * I’ll start with a confession: I’m a longtime Jordan Brand fan, so Nike is one of those companies I can’t look at purely through a spreadsheet. The brand still matters, culturally and globally—and that’s not something that disappears overnight. I do believe
Editor's Notes: * Defense stocks rise dominated yesterday's markets. Theme has not changed much yet, but starting to see new names entering our "large daily move" scan and profit-taking on overbought hot stocks (e.g. Jabil), which may signal some thematic narrative shift - namely
Editor's Notes: * Broader themes for early 2026 trading align with cautious mood in the US and improved sentiment for China / Japan. Starting to notice more price decline for SaaS in the US, as AI story turns negative for some of them. * Expect attention to continuing shifting from "
Editor's Notes * I mentioned Accenture as a potential target to look into after their Dec 18 earnings in a previous newsletter. Their strong performance vs. AI impact and soft IT cycle phase provided an interesting entry point - multiples close to 10-year low. * Below is a new experimental
Editor's Notes: * Macro theme remains the same as the past few days. Expect more AI debate / US overvaluation to dominate the markets in 2026. * Insider buying may signal some bullish view on Nike for 2026, given CEO, Tim Cook and another director's recent insider buying. Only
Investment
Editor's Notes: * Going into 2026, sentiment remains mixed and dominated by the debate around AI, with defense, metals & mining, the AI supply chain, JP MBOs, and China consumption on top of investors' minds. While valuations are rich, there is healthy skepticism, topical concentration, and plenty of
Editor's Notes: * Pfizer has been a popular "fallen angel" name (8x LTM / FWD P/E and 7% dividend yield), with Michael Burry's bullish call option disclosure in Nov putting it on many people's watchlist. * The heart of the issue is the transition
Editor's Notes: * AI is still leading, but expectations feel heavy. The market is optimistic, yet conversations are shifting from “AI = growth” to real constraints—optical bandwidth, transmission lines, and capex pressure. I’m still constructive, but I’m also more selective; not every AI-linked story deserves a
Editor's Notes: * Oracle feels like one of the clearest examples of how the AI trade is evolving from a margin story into a balance-sheet story. On the surface, the growth narrative is undeniable: OCI is scaling rapidly, RPO has exploded on the back of the OpenAI deal,
Editor’s Notes * Precious metals are sending a loud signal. Silver’s move really caught my attention—up 17% in a single holiday-shortened week and 40% month-on-month, decisively outperforming gold. This doesn’t feel like a speculative blip. Between geopolitical flashpoints, talk of physical shortages, and distrust
Investment
Editor's Notes: * Electricity for AI: Datacenter consuming 6% US power in 2026 and 18% in 2030 would require "Manhattan project of natural gas-fired power plant construction", as a gap measure before nuclear. This may be an interesting 2026 thematic play to continue (shifting from GEV
Investment
Editor's Notes * Heading into 2026, the market presents a complex outlook, driven by robust retail-driven gains and persistent macro-level anxieties. * Bullish price action vs. creeping macro anxiety. I’m struck by how split the market feels. On one side, you have very confident calls for the