📈 Macro & Policy Outlook

Global copper consumption is ~30M tons/year, with recycling at only ~4M tons. This significant deficit implies high future demand, especially with ~3% GDP growth and ongoing electrification trends 1.
BlackRock CIO Rick Rieder’s odds for Fed Chair surged from ~5% to ~46% this week, positioning him as the Polymarket favorite 2.
The Dollar is on the precipice, threatening a 15-year breakdown, while $SPY and $EEM are breaking lower 6.
US margin debt exploded by +$11.3 billion in December, hitting a record $1.23 trillion. This marks the eighth straight monthly increase, with total margin debt up +$375 billion (+44%), now outpacing S&P 500 gains by 20% 7.
This week saw Gold hit $5,000/oz, Silver climb above $100/oz, the USD suffer its worst week in nine months, EM equities surge, industrial metals rally, and energy stocks deliver their best four-week run in a year. These are not isolated events 8.
Official narratives on inflation are misleading; reality suggests it’s far from “fine” or “under control” 9.
The JPY experienced a “massive sloppy sell” despite a neutral BOJ meeting, indicating market action beyond policy signals 20.

🚀 Equity Deep Dive

$AAPL appears poised for a bounce next week. The daily RSI is at an extreme, historically oversold to levels not seen since the GFC, and its blue trendline remains intact 3.
$AMZN is tightly coiled, consistently holding its Pennant channel. A breakout could see the stock surge to 270, then 300 5.
A compelling chart comparison reveals $AMD up +16% YTD, while $NVDA is in the red. This could signal a potential year for $AMD to outperform its “big bro” 15.
A $2,059 price target appears aggressively high 17.

$TSM is the foundational “AI factory” producing chips essential for all AI models, highlighting its critical role in the tech ecosystem 4.
Goldman Sachs projects strong growth in memory prices for 1Q26, citing rising investor expectations over recent weeks 11.
Manufacturing has re-emerged as the most valuable layer of the global economy, underscored by $TSM’s approximately $1.7T market cap 13.
$AMZN is leveraging One Medical to construct an AI-powered healthcare “front door,” utilizing patient data for personalized guidance 14.
The Wafer Fab Equipment (WFE) market has transitioned to a seller’s market, with major clients like $TSMC actively pursuing $ASML for orders 16.
ByteDance’s reported RMB 300 billion capex increase this year positions $VNET for significant upside 19.

For $SILVER, sentiment polarizes between a potential +100% upside (Team A) and an immediate top (Team B), with a significant portion holding a middle-ground view (Team C) 18.

In this market cycle, asset owners are the sole beneficiaries; accumulating assets is imperative to avoid being left behind 10.
My position in $SATL is up +40% in two weeks, reinforcing a strong bull conviction in space tech 12.
Urgency grows to pass the “Clear Act” in the Senate. Currently, both the Banking and Agriculture Committees lack consensus on their respective versions, delaying the SEC’s innovation exemption 21.