| Date | Ticker | Direction | Thesis | Source |
|---|---|---|---|---|
| Feb 11, 2026 | LONG | Investors have been selling Large-Cap Growth and rotating into Value/Cyclicals since November. The economy remains solid (GDP tracking well), and positioning in Large-Cap Tech is still massive (2-5 year build-up). The rotation has space to go as investors seek exposure to the physical economy and stimulus. LONG Cyclicals as the rotation continues. A sharp deterioration in labor market data (though the 130k print mitigates this). | ||
| Feb 11, 2026 | LONG | The market is punishing "Spenders" (Hyperscalers spending billions) and rewarding "Enablers." Investors want exposure to the companies selling the picks and shovels (Memory, Power Gen) rather than the companies burning cash on CapEx with uncertain ROI. LONG AI Infrastructure/Memory; AVOID Hyperscalers (Spenders). If AI power usage/chip demand undershoots, the trade collapses. |