• Warren Buffett’s latest Berkshire portfolio shows virtually zero exposure to the AI infrastructure buildout, signaling a distinct investment stance 1.

• The core objective is to sell stocks at higher prices than bought, not merely to acquire “good companies”; this distinction is critical for trading success 1.

• Apparel Retail: A stark divergence persists among top apparel retailers. $LULU languishes near a 6-year low, while peers like $TJX, $ROST, and $BURL command all-time highs (ATHs) or near-ATHs. 1

• $AMZN is nearing a bottom. Ref. 1
• February is historically “spooky” for $SPX, with 5 out of the last 7 Februarys closing red. Ref. 2

• US college underemployment is at crisis levels, with 42.5% of recent graduates in jobs not requiring a degree 1.
• The current market pullback looks super healthy, with $QQQ down -6.8%, $IWM -4.7%, $SPY -3.

• $WMT’s nearly 5% daily drop is a rational breather; it trades at double Amazon’s multiple. 引用[2]

• VIX short positions by specs warrant attention 引用[5].
• Market divergence is clear: Switzerland printing new all-time highs as US stocks carve out new 6-month lows relative to European peers [引用[7]](https://x.

• NVDA’s Vera Rubin timeline is pulling forward by 3-6 months. China export bans enabled NVDA to leverage global suppliers, rerouting volumes previously bound for China 引用[1].
• ASML is capturing significant memory market share.

• $NVDA built an AI monopoly leveraging its GPU hardware (Hopper, Blackwell, Rubin roadmap) and software ecosystem (CUDA, TensorRT, Triton) 2.

• $SPX market psychology shows a split: historical seasonal strength (Nov-Feb) suggests a rally is possible, but broad awareness of this pattern casts doubt on its repetition 1.