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Feb 18, 2026
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SHORT
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NYC Mayor is proposing a significant increase in property taxes on "high income earners and businesses" to close a budget gap. Increasing carrying costs for commercial and high-end residential real estate in a city already struggling with occupancy (commercial) and migration (residential) will further depress asset values and net operating income (NOI) for landlords. SHORT. Fiscal desperation leads to policy errors that hurt asset prices. Proposal fails to pass in state legislature; federal bailout/assistance. |
Bloomberg Markets
Partial Shutdown Drags on Over DHS Funding | ...
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Feb 14, 2026
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LONG
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"Gold is up more than 2% today. Topping the $5,000 level... Silver at about $77 per ounce." Treasury yields (2-year) fell to 3.4% on cool CPI data. The inverse correlation between real rates and precious metals is driving a historic breakout. Lower yields reduce the opportunity cost of holding non-yielding assets like gold. The breakout above $5,000 signals strong momentum. LONG. The macro environment (falling yields + geopolitical fear) is the perfect storm for metals. A resurgence in inflation data forcing the Fed to hold rates higher for longer. |
Bloomberg Markets
Clock Ticks Down to Partial Shutdown Deadline...
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Feb 14, 2026
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LONG
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ICE is planning a "sweeping expansion" called the "Detention Reengineering Initiative." They plan to acquire/renovate "eight large-scale detention centers" and take control of "turnkey facilities." The government does not build these facilities overnight; they contract them. Private prison operators (GEO Group, CoreCivic) own the "turnkey facilities" and have the capacity to manage large-scale detention centers immediately. This is a direct revenue injection for the private detention sector. LONG. The specific mention of "turnkey facilities" points directly to existing private operators. Political blockage of funding (Shutdown) or executive orders banning private prisons (unlikely under the current administration described). |
Bloomberg Markets
Clock Ticks Down to Partial Shutdown Deadline...
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