Editor's Notes: * As investors start to reassess US risks and AI-related debates continuing, I expect to see more volatility for US stocks this year. * China stocks are back on my watchlist, as there is an increasing chance of consumption stabilization and a clear sign of sentiment recovery
Editor's Notes: * We’re watching AI grow up in real time, and the market is finally paying for the “picks and shovels.” The conversation is shifting from chips to the grid, and Meta’s 20-year nuclear deals are the cleanest signal yet that power is the next
Editor’s Notes * My read this morning: the market still wants to own AI, but the psychology is shifting. You can feel the skepticism creeping in, especially around the “AI debt bubble” talk and the sense that we’re paying premium multiples for stories that haven’t fully shown up
Editor’s Notes * AI enthusiasm hasn’t cracked—but the cracks are being actively debated. On one hand, Nvidia and the broader AI stack (memory, storage, chips) still feel like the market’s gravitational center; on the other, the “AI bubble vs. new paradigm” argument is getting louder as valuations
Editor's Notes: * AI is still the whole story in the U.S.—and that’s both the bull case and the risk. Nvidia’s CES push (Vera Rubin + “physical AI”) keeps extending the narrative, but the fact that the Magnificent 7 drove the majority of S&P
Investment
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: * 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
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: * 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
Investment
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 * 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