Bob Elliott
· Nonconsensus
· February 08, 2026 at 23:06
· ⏱ 2 min read
| Read on Substack ↗
Summary
=== SUMMARY ===
•The author has closed a previous "Debasement or Weakness" trade and initiated a new thematic position called "Easy Street."
•This new "Easy Street" theme is structured as a long US stocks versus short US bonds position, betting on a specific US economic environment where equities outperform fixed income.
•The author is closely watching upcoming Japanese wage data and currency (JPY) movements as a potential source for a new trade idea, noting the "fading currency rally."
Summary
The author notes that last week's market was characterized by a rotation trade that ultimately ended flat. The upcoming week is expected to be driven by a significant number of US economic data releases.
•Last week's market action was defined by a rotation trade that resulted in little net change.
•The focus for the upcoming week will be on a heavy schedule of US economic statistics.
•The article was written on Super Bowl night, suggesting a quiet start to the week for many US market participants.