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Feb 12, 2026
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AVOID
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Emanuel notes that Software, Legal, and Financial professions are viewed as "most likely to be disrupted." Financials are underperforming despite the bull market. The market is pricing in existential risk for business models based on billable hours or code generation. Until these companies prove they can monetize AI rather than be replaced by it, multiples will compress. AVOID sectors in the crosshairs of the "AI Heat Seeking Missile." Oversold conditions could lead to a sharp relief rally if earnings prove resilient. |
Bloomberg Markets
Bloomberg Surveillance 2/12/2026...
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Feb 12, 2026
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LONG
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Emanuel states that sectors "least likely to be disrupted" by AI are outperforming, specifically naming Metals/Mining, Agriculture, and Consumer Staples. Investors are suffering from "AI Anxiety" regarding white-collar industries (Software, Financials). They are rotating capital into physical industries that AI cannot automate away. This is a "hide from disruption" trade. LONG physical/defensive sectors as a hedge against AI displacement fears. If the "soft landing" narrative strengthens without AI fear, defensive sectors may underperform high-beta growth. |
Bloomberg Markets
Bloomberg Surveillance 2/12/2026...
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Feb 12, 2026
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LONG
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The speaker notes that "Staples [are] screaming higher" and specifically points to "snack food price cuts in front of the Super Bowl driving stocks markedly higher." Investors are exhibiting FOMO in defensive sectors rather than growth tech. The specific mention of Super Bowl snack pricing suggests a tactical play on volume leaders in the snack category (like PepsiCo) benefiting from this rotation. LONG. Momentum and investor anxiety are funneling capital into these defensive assets. Valuation concerns ("valuations remain extended") could eventually cap the upside if risk-on sentiment returns. |
Bloomberg Markets
Julian Emanuel Sees FOMO Driving Market Stapl...
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Feb 12, 2026
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LONG
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"The FOMO over the last two months has been anywhere but stocks. It's been in gold and silver." Market participants are chasing momentum in precious metals as a hedge or alternative to equities. The speaker identifies this as the primary locus of current market exuberance. LONG. Follow the identified momentum/FOMO flow. If the "FOMO" breaks or yields spike unexpectedly, these crowded trades could unwind. |
Bloomberg Markets
Julian Emanuel Sees FOMO Driving Market Stapl...
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Feb 12, 2026
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AVOID
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The speaker observes "Financials underperforming at the same time" that Staples are rallying. This sector is currently the source of funds for the rotation into Staples. While the speaker doesn't predict a crash, the relative strength is clearly negative compared to defensive sectors. AVOID. The sector is lagging in the current "air disruption" trade environment. If the economy re-accelerates or yields rise (benefiting net interest margins), financials could snap back. |
Bloomberg Markets
Julian Emanuel Sees FOMO Driving Market Stapl...
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