S&P 500 Industrials forward P/E stands at 26.5X, matching 2021 levels and reaching 1.24X the index, a 30-year high, signaling potential overvaluation across metrics like EV/Forward EBITDA, Price-to-Sales, and Price-to-Book. 4
Technicals scream volatility ahead: $BTC Weekly RSI is at an all-time low, $ETH Weekly RSI one of its lowest, while $SPY and $QQQ Weekly Bollinger Bands are the tightest in almost 10 years. Expect a breakout. 7
Traders are escalating hedges against software sector credit risk, evidenced by the acquisition of ~400,000 put options, equivalent to 40 million shares, on $BKLN (Invesco Senior Loan ETF) over the last 3 weeks. 8
The Brazilian equity market, relative to its money supply, is currently priced at levels historically associated with major bottoms, suggesting that recent volatility will eventually normalize. 10
Hedge funds offloaded global equities last week at the fastest clip since the April 2025 tariff turmoil. Net selling for the week ending February 19th hit a -1.54 standard deviation from typical levels, primarily driven by short sales. 12
Software is undergoing a repricing cycle, reflecting market uncertainty about viable business models a decade out. 2
AI’s impact on the economy echoes the 1770-1830 First Industrial Revolution, a period dubbed “Engels’ Pause,” where productivity surged 50% but real wages stagnated for 50 years due to insufficient new demand. 3
Anthropic is strategically expanding its Claude AI Agent with new plugins for HR, financial analysis, investment banking, equity research, private equity, and wealth management, partnering with firms like Thomson Reuters ($TRI), whose stock surged over 10% intraday. This aggressive play prompts questions about OpenAI’s competitive positioning. 5
$NVDA, flush with cash, is strategically investing across its supply chain and customer stack, including $INTC for x86 ecosystem exposure and foundry optionality, $CRWV for inference and cloud capacity, and $SNPS for EDA tooling. 13
Citron’s memory market report leverages historical fear against present realities; the current market is an AI-driven revaluation. Expect short-term WDC-induced volatility, but SanDisk’s sustained high-margin data center performance will ultimately crush the “reversion to the mean” short thesis. 11