Buy Manappuram on Pullbacks Amid RBI
Macro: PE flows target Indian NBFCs. RBI cleared Bain's up to 41.7% in Manappuram; ₹43.85bn injected. Risk: regulatory scrutiny. Trading insight: buy Manappuram on pullbacks. — Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
Value Tilt Gains as Momentum Spread Widens 16%
Classic monotonic pattern. When you see this pattern you know with a higher degree of certainty that it is one of THE drivers of how investors are positioning their portfolios. We’ve been recommending a value tilt since last fall, as...
Key Signals Founders Need Before Raising Next Round
$40M raised. Series A ready. Episode 232 dives into the real signals founders should look for before raising more capital 👇 https://t.co/0CcjGEIVb9 #SaaS #AI https://t.co/S1vxKwuxiB
Stocks Are only Cheap During Economic or Business Crises
There are really only two times when stocks become "cheap": collectively, - usually when the health of the economy is in question, - and, more narrowly, when the viability of a business or its industry is in question. You...
Energy Leads US Sector Gains; Financials Fall
🇺🇸 US Sector Performance in 2026 📈 $XLE Energy up 22% $XLB Basic Materials up 18% $XLP Consumer Defensive up 16% $XLI industrials up 12.8% $XLU Utilities up 9% $XLRE Real Estate up 8% $XLV Healthcare up 2% $XLY Consumer Retail -2% $XLK Technology -2.5% $XLF Financials -5%
Turn Excel Into a Text Mining Powerhouse
Each week I send out a free analytics tutorial to 39,009 professionals. This week is Part 3 in a series on mining free-form text data using Python in Excel. Think about this for a second. Production quality, reproducible text mining inside an Excel...
AI Threat Looms Over $3.5T Credit Market
Credit markets could be the next AI casualty. A UBS analyst flags the $3.5T leveraged loan and private credit space as vulnerable, with AI disruption moving faster than expected. Up to $120B in fresh defaults this year would turn the AI boom...
Provincial Revenues Forecast 2‑3% Growth, Lagging Economy
1/4 SCMP: "Major provinces are budgeting for 2 to 3 per cent growth this year in general public operating revenue, broadly in line with last year but below broader economic growth targets, Fitch Ratings said in a research note." https://t.co/HwyAPw042O
China Cracks Down on Hidden Corporate IOU Market
1/3 Very interesting Caixin article on attempts by Chinese regulators to get their arms around "the opaque market for corporate IOUs that has allowed big-name companies to defer payments to suppliers on a massive scale." https://t.co/FIJywKAtIX
China's January Financing Jumps 2.4% Year‑over‑year, Beating Forecasts
1/5 According to Caixin, China’s aggregate financing grew slightly faster than expected in January, rising by RMB 7.22 trillion. This was 2.4% more than in January 2025 and 10.4% more than in January 2024. It is equal to 5.1% of annual...
Tech Stocks' Valuations Soar, Yet Margins Remain Stretched
Biggest strength for Tech Stocks. and their biggest weakness? (stretched valuations are underpinned by stretched profit margins) https://t.co/JyYGvhtRlC
Malaysia Beats Forecast, Yet MSMEs Face Headwinds
Malaysia’s Economic Outlook & Risks Full-year performance exceeds government’s upper ceiling based on 4Q 2025 data Outperformance —► Hawkish BNM bias. Chatter of tougher operating conditions on the ground, especially for micro, small and medium enterprises (MSMEs) including F&B sector are leading many...
Top 10 SaaS Cloud Multiples at Market Close
This week in enterprise software: Top 10 #SaaS #Cloud multiples as of today's market close
Early-Stage Startups Don’t Need Costly Big‑4 Audits
Startups ($25M ARR? Get bids from multiple firms. You do NOT need a Big 4 audit. It does not me you are a legit company before the Big 4 did the audit. No one cares. 2nd tier firm is fine 3...
Biggest Stocks Push S&P 500 Margin to Record 12.6%
"The exceptional profitability of the largest stocks boosted the aggregate S&P 500 profit margin to a new record high of 12.6% in 4Q" - Goldman https://t.co/5fnYCaoDhm
Visa's TSR Mirrors Earnings Growth, P/E Stays Flat
Visa total return the last decade or so basically all earnings growth; P/E unchanged while change in EPS estimates roughly equal TSR https://t.co/wYh3Mkz7Aq
Ford Faces $900M Tariff Blow, Highlighting US Corporate Pain
Ford just disclosed an additional $900M tariff hit in its Q4 results. TARIFFS = BAD NEWS FOR AMERICAN CORPORATIONS. https://t.co/kau61WOizz
Investors Choose Safe Bonds, Accepting Low Real Returns
One way to interpret recent price action in the bond market is that large pools of investment capital have made the determination that a 3.6%-4.1% guaranteed nominal return over the next 5-10 years is preferable to taking on the risk/reward...
Lenders Cut Ties on Deeply Underwater Properties
Valuations are dropping fast. If a deal isn’t performing, lenders try to save it to avoid losses. But when a property is too far underwater, there’s simply no reason to keep the original owner involved. #RealEstate #Finance #cashflowisking
Incentive Pay Boosts Advisor Revenue and Client Growth
This #WeekendReading kicks off with the news that @CharlesSchwab's latest RIA compensation report finds that while base salaries remain the largest component of advisor compensation, firms that offer incentive pay have seen more revenue and client growth in recent years than...
High ROE Fuels Rapid Book Growth and Higher Valuations
"We have shown over the past couple of years that Return-on-Equity readings for companies are very high, and very supportive of equity prices as the high ROE promotes rapid growth of corporate book value, and consequently higher market valuations." -...
Expensify's $3M Audit Fee Highlights Costly Compliance
Expensify paid $3M in audit fees in 2024. Insane. They had 115 employees and $140M of revenue...They are not complicated. The auditors could have literally redone the books for that much. Hope AI drives audit costs down (but not holding my breath...
Robot Money's Scale: Exciting Potential, Unsettling Unknowns
I genuinely don't think we understand the true implications of robot money at scale. Exciting. But also scary.
Treasury Secretary Pushes Rapid Bipartisan Crypto Regulation
Treasury Secretary Scott Bessent appeared on CNBC's Squawk Box TODAY, advocating for swift passage of the bipartisan Clarity Act to establish federal rules for digital assets amid ongoing market volatility. https://t.co/j3xdyXSv1Z
Scaling Brands Must Eliminate Tax Inconsistencies or Face Audits
At scale, tax mistakes stop being mistakes. They become red flags. Here's what most brands don't realize: States aren't looking for perfection. They're looking for inconsistency. 🚩 When your collected tax doesn't match your filings 🚩 When registrations lag behind where you're actually...
AI-Driven Low Rates Boost Term Premium Compression, Hedge Long Bonds
A very positive setup for duration and UST term premium compression if rates are to stay low for a longer timeframe because of AI disruption. It will take time to play out but long end is well priced and...
OneWeb Boost
.@EutelsatGroup: OneWeb rev up 59.7% in 6M to Dec. 31; 600 aircraft have our connectivity hardware; hosted payloads, ground segment seen as fresh revenue sources; cancelling @Thales_Alenia_S GEO sat saves EUR 100M in capex, costs 60M in impairment charges.https://t.co/f8cngyWfes https://t.co/iWpscm5aIi
Netherlands' 36% Unrealized Gains Tax Slashes Decade‑Long Wealth Growth
A new 36% unrealized gains tax passed in the Netherlands. This means assets that have increased in value are now taxed, even if not sold. See the devastating impact on wealth growth over 10 years. #CryptoTax #Netherlands #IvanClips https://t.co/OMzGMofQhw
Crypto Tokens Failed; Real Cash‑Flow Businesses Will Prevail
I think @nic_carter is right about this: crypto's token era didn't fail because of regulation. It failed because the model never produced durable value. What comes next, according to Nic, is more mundane and more sustainable. Cash-flow businesses. Real revenue. The...
AI‑First SaaS Lacks Playbook, Creating New Opportunities
No playbook yet for building an AI-first SaaS company — and that’s the opportunity. Episode 232 of The SaaS CFO Podcast with Ben Winter 👇 https://t.co/0CcjGEIVb9 #SaaS #AI https://t.co/62OFBrvp7A
Five Tech Giants' 2026 Capex Beats Global Oil‑Gas Average
Something scary for Friday the 13th. The planned 2026 CAPEX budgets for just 5 big tech firms in 2026 is larger than the average GLOBAL oil & gas capex between 2022-2025. 🤯🤯🤯🤯 https://t.co/WfwKC00YCY
Add 30% Detail to Make Financial Models Credible
Your Model is 70% There. Here's What's Missing. Most VPs of Finance I work with have a solid financial model. P&L looks good. Balance sheet ties out. Cash flow makes sense. But when the board starts asking harder questions, the model falls short. "What...
S&P Erases Almost All 2026 Gains Amid AI Hype
Forget Trump's AI HYPE. The S&P Index has now given up nearly all its 2026 gains. https://t.co/GAL0TbU7KG
Stablecoins Take Off in Rapidly Growing Hong Kong Market
Touchdown for stablecoins in Hong Kong, one of the fastest-growing and most interesting stablecoin markets globally. Thank you to everyone who joined us!
Adapt Your Trading Strategy as Markets Evolve
I spent years trying to find the 'perfect' trading strategy. The one that would work forever, but the markets aren't static. What worked yesterday might not work today. The only way to survive is to adapt and evolve our strategies with the market.
Banks' Inflation Forecasts Politicized, Yield Soft Surprises
Another SOFT inflation surrpise... It has become a bit of a theme, and we are increasingly convinced that inflation forecasting has become a "politicized arena" within banks, given how incredibly stubborn they have been in their wrong lean on this.
TOST Q4 Margins Surge, Profit Spikes over 200%
$TOST Q4: Operating income +140% YoY, net income +216% YoY. Margins expanding across the board. Revenue came in at $1.63B, up 22% YoY. Growth moderated vs +25% last quarter, but profitability stepped up meaningfully. Gross profit grew 27% YoY with gross margin...
ETFs Rake $250B in 28 Days, EM Overtakes Gold
There's only been 28 trading days this year and ETFs have already pulled in about $250b. More than double any other start to a year. Up until 2020, $250b was what they averaged for a YEAR. That's $9b/day pace, or...
Most Private Credit PIK Is Bad Yet Labeled Performing
58% of PIK in private credit is "bad PIK" per Lincoln. Borrower stops paying cash. Lender accepts more debt instead. Everyone marks it at par. This is called "performing."
Rising SPX Put Skew May Push VIX to 30
SPX put skew is really starting to warm up here, while ATM IV remains relatively subdued. If SPX 30) https://t.co/p9qsHp8nHk
Gemini Miscalculates Google’s Massive Depreciation Drag
Coming up on @thestreetpro More Tales From Nvidia: The Depreciation "Tail and Spike" Will Be Painful to Mag7 Profits (Issue #178!) * As free cash flow is plummeting... I decided to ask the AI about itself. In this case, I asked Google Gemini about...
Turn FP&A From Reactive to Predictive with AI
⚡ From forecast to action — is your FP&A team predictive or reactive? At the Digital North American FP&A Circle, leaders from Sony, Mars, High Liner Foods & Wolters Kluwer CCH Tagetik shared how they embed predictive AI into decisions: https://t.co/Gmlh8jmMgB #aiinfinance
Fintechs Must Prioritize Financial Health Over Services
#FlashbackFriday | In 2020, I argued that fintechs should stop selling financial services and start selling financial health, this wasn’t a buzzword, but a different way of thinking about the financial sector itself: https://t.co/bL1ZTqv4Uf Yesterday’s future. Progress optional. https://t.co/s7x485LBB3
PE Firms Chase Japan’s Retail Wealth Amid Institutional Decline
Our story on PE giants like Blackstone, KKR, EQT's attempt to tap Japan's wealthy retail investors for funds as institutional money wanes. Most see Japan as the largest private wealth opportunity outside of the US, but the market comes with...
38% of Clients Drive 75% of Capitec Revenue
𝟯𝟴% 𝗼𝗳 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿𝘀 𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗲 𝟳𝟱% 𝗼𝗳 𝗖𝗮𝗽𝗶𝘁𝗲𝗰’𝘀 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 Capitec’s interim results for the period ending August 2025 show a very clear picture of where the bank’s income is really coming from: 🔸Non-interest income = R13,358 bn 🔸Net interest income = R...
Asset Pricing's Biggest Unsolved Questions Still Challenge Economists
https://t.co/xnes97Kg4l A keynote speech on big questions in asset pricing -- still unresolved after decades, though much progress.
EIB's Grid Debt Shift Sparks Skepticism in Europe
The European Investment Bank plans to advance electricity capacity by moving grid debt off bank books & monetizing future revenues I'm not holding my breath. This is Europe, after all. https://t.co/UHQ7GprVvL #PowerGrids #EnergyInfrastructure #Europe #EIB #Electricity #EnergyTransition
Key Market Moves: Listings, Earnings, Acquisitions, Renames
Major News to Track on February 13, 2026: 1. Hock Soon Capital Main Market Listing 2. LPI Capital FY2025 Results 3. Lotte Chemical Titan Full-Year Earnings 4. Oriental Holdings Hospitality Acquisition 5. Berjaya Land Corporate Renaming ↓↓↓
Growth Needs Systems, Not Just Speed
Growth is the dream of every operator (or at least your potential acquirer). But if you’re not careful, it can be the siren song of death. Hiring faster. Spending more. Scaling too soon. All in the name of “growth.” The reality is — growth...
Stripe's Managed Payments Automate Tax, Fraud, Dispute Handling
pretty dope release from @stripe. add 1 line of code: {managed_payments: { enabled: true } and boom merchant of record is live don't have to worry about - sales tax - fraud - disputes