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Feb 11, 2026
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LONG
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Yardeni observes that despite the stock market rising, bond yields are holding steady (around 4.2%) and Gold is moving higher toward $3,000+. Investors are taking profits from the tech/AI run-up and "rebalancing" into defensive assets (Gold and Bonds) to find "AI Immunity." LONG. The "Galloping Horse" economy (stimulus + rate cuts) combined with a desire for non-AI correlated assets favors hard assets and sovereign debt. A resurgence in inflation could hurt nominal bond returns; Gold is technically overbought in the short term. |
Bloomberg Markets
Stocks Steady After Strong Jobs Data Dims Rat...
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Feb 06, 2026
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LONG
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Yardeni observes that "Happy days are here again" and investors are buying everything, specifically highlighting Gold and Bitcoin alongside stocks. The combination of massive corporate spending (stimulus) and large government tax refund checks is creating a liquidity-rich environment. This money is flowing into alternative assets, driving prices up across the board. Both asset classes are performing "extremely well" in the current environment. Not explicitly mentioned, but generally tied to liquidity drying up or a shift in economic sentiment. |
CNBC
Market bounce back has to do with spending hy...
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Feb 06, 2026
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LONG
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While the tech giants fight, the rest of the market (the "Impressive 493" and the Dow Jones Industrial Average) is performing extraordinarily well. The $650 billion being spent by the hyperscalers flows directly into the revenues of other companies. Building data centers requires 500 to 1,000 different vendors—including steel, concrete, wiring, and power. This acts as a massive economic stimulus, boosting GDP to ~5% and lifting the earnings of industrial and broader market companies. The Dow Jones is hitting record highs, and the economy has remained resilient despite high interest rates and inflation. A potential realization that the AI capital spending will not be profitable could eventually hurt the broader sentiment. |
CNBC
Market bounce back has to do with spending hy...
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Feb 06, 2026
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LONG
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The market is cheering the "arms dealers" of the AI war. While Amazon (the spender) fell 8%, Nvidia (the seller) rose 7%. The companies *selling* the tools and infrastructure for the AI build-out are the immediate beneficiaries of the $650 billion spending spree. They receive the cash flow now, while the hyperscalers take the risk on future profitability. Nvidia up 7% on the same day Amazon dropped 8%. If hyperscalers cut spending due to lack of ROI, vendor revenues will collapse. |
CNBC
Market bounce back has to do with spending hy...
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