What's happening: Booking Holdings launches 25‑for‑1 stock split as earnings surge
Booking Holdings announced a 25‑for‑1 forward stock split, converting each share into 25 shares, effective April 6 2026. The move follows a Q4 report showing $6.3 billion revenue, 38% EPS growth, and a dividend increase to $10.50 per share.
The Dow Jones Industrial Average rose about 300 points, or 0.65%, as investors returned to equities ahead of the Federal Reserve’s January minutes. Nvidia surged over 2% after Meta announced an expanded AI‑chip partnership worth tens of billions, reinforcing Nvidia’s lead in data‑center hardware. Meanwhile, Palo Alto Networks’ shares plunged roughly 10% following a fiscal‑Q3 guidance miss, while Garmin and Wingstop delivered strong earnings beats that lifted their stocks. Gold reclaimed the $5,000 per ounce level as safe‑haven demand persisted amid mixed macro data.

⚠️Almost everybody is piling into the SAME TRADE: Hedge fund net allocation to Magnificent 7 stocks is up to a RECORD 22%. This is more than DOUBLE the level seen in 2022. At the same time, these stocks remain among the most popular...

Minutes from the Fed's Jan. 27-28 meeting laid bare a lingering divide over where to set the bar for further rate cuts. In Fed speak, "some" is larger than "several" which means the group of "some" officials that includes those with...
Kevin Hassett, former Trump economic adviser, blasted a New York Fed research paper that argued tariffs mainly hurt American consumers, calling it "shoddy scholarship" and the worst paper in Fed history. He urged that the authors be disciplined for their...

Can Micron do it again? $MU heading back towards record territory as memory shortages continue.

WHAT A DAY, the S&P 500 has gained around $500 BILLION in market cap, up 0.8%. The index is now up 0.3% YTD 📈 Gold is also trading higher, back above $5,000/oz, as global tensions start to escalate 😳 Mark your calendars...

A historic surge in dispersion across large‑cap U.S. equities has pushed the one‑month change in average S&P 500 constituent values to unprecedented levels. The spike stems from a confluence of early‑year sector rotation, the AI disruption theme, and divergent earnings outcomes....

Citadel on flows, via Bbrg: Retail traders spent a record amount snapping up software shares on Citadel Securities’ platform, according to Scott Rubner, head of equity and equity derivatives strategy at the firm, which began tracking the data in 2017: “Net notional...

However, as the AI narrative continues to unfold, from euphoria a few months ago to handwringing now (over the commodification of the SaaS stocks and the unknown ROI of hyperscaler capex), the Might Mag 7 is showing some strains. The...
The Inspire 100 ETF (BIBL) offers exposure to 100 U.S. large‑cap companies screened for biblical alignment. In 2026 the fund outperformed the S&P 500 benchmark IVV, largely because of a heavier tilt toward cyclical sectors and zero allocation to communications. Over the...

Global Market Update: Gift Nifty +50.50 (0.20%) 25,760.50 DowJones +32.26 (+0.07%) 49,533.19 Nasdaq +31.71 (+0.14%) 22,578.38 India Vix -0.6600 (-4.95%) 12.6700 S&P 500 +7.05 (+0.10%) 6,843.22
No, Kip, not pumping and dumping $PANW. Just no or limited investment process, opinions full of hubris, memorized sound bytes, no company spreadsheets/models, no timestamps - which "works" when the tide is coming in but not when the tide is going...

Goldman Sachs reports an 80% plunge in net immigration to the United States, falling from roughly one million annually in the 2010s to an estimated 200,000 arrivals in 2026. The decline is attributed to heightened deportations, a visa processing pause...

4 new Real-Time Alerts (2 Longs, 2 Shorts) fired off today Every. Single. One. #timestamped since 2008 https://t.co/alAFTYikLd
FWIW - The sentiment data suggests its not a "boomcession" we're experiencing but a "maniapression." Those at the top can't put enough into the markets, while those at the bottom fall further and further behind on their loans.

U.S. equity indexes posted modest gains as AI‑related uncertainty lifted volatility, with the VIX climbing to 22.96 before settling near 20. The utility sector saw DTE Energy’s earnings beat forecasts, propelled by a new 1.4 GW power contract for an AI‑driven...

Herbalife $HLF apparently is AI-proof Nice move since 11/20 when they came hard for calls and it continues https://t.co/G7vt2JRhuJ
Will stock markets tip over amid worries about the Fed dragging its feet on rate cuts? FOMC meeting minutes are in focus. #stockmarkets #fed #fomc #dollar #macro #trading https://t.co/yYSQfOx27L
Rigetti Computing’s stock plunged 72% from its October peak, settling near $15 after a 270% rally earlier this year. The quantum‑computing firm posted Q3 revenue of $1.9 million, down from $2.4 million, and a net loss that widened to $201 million versus $15 million...

If you "loved the chart" and chased $PANW at $221, you now only have to be up +47% (from here) to get back to breakeven #bags https://t.co/UStQewrZkp

The rules of classical charting principles have been lost to the younger generations. This is a right angled broadening pattern. According to E&M, 5th edition, page 149, the pattern has bearish implications regardless of which boundary is horizontal $XLF Don't shoot the...
Roku reported a robust Q4, with revenue rising 16% to $1.39 billion and EPS flipping to a profit of $0.53, beating expectations. Platform revenue surged 18% to $1.22 billion, driven by video ads and premium subscriptions, while device revenue barely grew. Adjusted...
Tripadvisor disclosed multiple discussions with activist investor Starboard Value, which owns about 9 % of the company and is seeking board control and a possible sale. Starboard criticizes a 50 % share decline since CEO Matt Goldberg’s 2022 appointment, slow adoption of...

‼️The largest US stock buyer since 2009 is STEPPING BACK: Combined buybacks by Amazon, Alphabet, Microsoft, Meta, and Oracle fell to $12.6 billion in Q4 2025, the lowest in 7 YEARS. This marks the 3rd quarterly decline, a -70% DROP from the...

Two different measures of business inflation expectations have essentially returned to pre-pandemic levels. The Atlanta Fed survey (dark line), which asks businesses how much they expect their own unit costs to change, is back at 2%—right where it was in 2019....
Render announced a $100 million financing round that lifts its valuation to $1.5 billion, reflecting the surge in AI‑generated applications. The San‑Francisco startup reports revenue growth exceeding 100 percent and a developer community of more than 4.5 million users. It runs on AWS and...

Is it finally the week $SPY breaks this range? Stuck here since November. Reports scheduled this week: - U.S. Trade Deficit Report (Thu) - GDP (Fri) - Inflation Report (Fri) - Consumer Sentiment (Fri)
📺 IS THE MEMORY GROUP STILL “SPECIAL”? $MU, $SNDK, and $WDC were some of the strongest names in the market recently. The key question is whether this group can maintain its leadership while broader tech faces downside pressure. $MU trade framework: – If $MU...
The February Consumer Discretionary Dashboard shows the sector’s services segment trading about 14% below its 11‑year average, while autos and components remain the most overpriced subsector. Fidelity’s FDIS ETF and SPDR’s XLY deliver comparable long‑term Sharpe ratios, but FDIS offers...
📺 THIS MARKET NEEDS RESOLUTION The market is stuck in a range. Breakouts fail, breakdowns bounce, and both longs and shorts get frustrated. We need a decisive move that breaks the range and sticks. That could mean: 🔻 A clean break below support $QQQ...
Balanced take from Bob. While the headline may be different than my "get out" thesis. The meat says the same. Flows suggest marginally weaker dollar and relative underperformance of U.S. stocks vs ROW. Don't panic out...

Oracle surged 12% after unveiling a multi‑billion AI cloud infrastructure plan, bucking a week where all Magnificent 7 stocks fell year‑to‑date. Microsoft and Amazon slipped into bear‑market territory despite solid earnings, while Apple dropped nearly 8% on memory‑price margin worries. Nvidia...
If there was something else to "dig into", I would have. Dollar Up has its implied Correlation Risk today. I'll do what the signal does. It didn't change.

A few of our weekly inputs have come in for US growth. We continue to rebound hard cyclically. EURUSD down, US assets (soon) up, and ISM PMI towards 60 by summer. Our Nowcast IQ is telling a VERY contrarian story to...

🔬 Research links: the stocks retail investors favor, the impact of IPO timing, and why base rates matter so much. https://t.co/cjmTGAY0wz chart: https://t.co/rvyduDs39u https://t.co/EKv26rorKm

New US deficit and growth projections ""suggest a quiet period ahead for bond vigilantes and others who hand-wring over the unsustainable nature of the US debt and the inevitable market revolt – the Godot for which they have waited impatiently...

Did we get a 2X bottom in $IGV or does it take another leg lower. $orcl worth a look if software tries to hold last weeks low https://t.co/bmeM49XP1F

In the spirit of committing chart crimes, here is the single stock PC ratio vs the VIX (green). VIX, a proxy for SPX IV, is clearly lagging. Likely unrelated is that VIX exp is tomorrow... https://t.co/ygiUeMv38z

$SPX is now below the 8/21/50day. The longer we sit under 6880ish the higher the odds we see lower prices. A reclaim back above there keeps this range action intact, while 6780–6790 remains the key major support zone. https://t.co/Zmq5a33GXE

Almost 90% of global public bonds trade at a yield lower than 5%: Apollo's Torsten Slok. "With inflation at close to 3%, this means that investors in public fixed income only get a 2% real return each year." https://t.co/oCUWfCIGpn
This week’s episode explores a dramatic shift in sentiment that unfolded in just a few days. Emily and Michael are joined by Jay Glickson (Macro Sales) to discuss what institutional investors are saying, how AI disruption fears are shaping their...
"AI Revolution" - Nvidia unchanged since July, off 3% in 2026. Street Research $NVDA at $181 Buys 92.8% ...
One thing I feel strongly about regarding AI is that, when it comes to trading, we are going to witness a streamlined cycle of signal degradation. Classical signals will become crowded very quickly. The market will rotate through those cycles faster...

⚠️The US Dollar's role in global reserves is FALLING: USD share in global currency reserves dropped to ~40%, the lowest in at least 25 years. This is down from ~58% a decade ago. During the same period, gold’s share has risen from 16%...
Agree with Mark. March 4 will likely be highlighted by a low-end MacBook and maybe a new lower-priced iPhone 17e (the 16e came out a year ago). Siri won't be addressed. My take: The low-end products have historically led to a...
In my sixth data update, I look at business profitability in 2025, across sectors, industries and regions, scaled to revenues (profit margins) and to invested capital (accounting returns). I use the latter to compute and compare excess returns. https://t.co/L3PDmph4VA

This chart captures the 2 most important themes in the Stockmarket right now. 1. Global vs US rotation 2. Top in tech stocks For the past 17-years US Tech stocks have dominated global markets, but that is starting to change... https://t.co/6DhUXusR6C
Rotation away from S&P500 (flat on the year) into other assets like foreign stocks, US value, etc up 10-15% seems to be accelerating...
ICYMI: Weekly S&P500 #ChartStorm blog post https://t.co/B5a4uBC2Q4 Thanks + follow reco to chart sources @MarketCharts @topdowncharts @dailychartbook @MauiBoyMacro @KobeissiLetter @StealthQE4 @HayekAndKeynes
Given I timed the sector rotation with precision in Nov & said it would likely run until Feb, and we are here, I'm gonna share what else I also told clients: IN LIEU OF SECTOR ROTATION, THERE WILL BE VOLATILITY™️😉