with this transaction from Tuesday, it is done. If LVMH cancels its treasury shares, the Arnault family group will own 50.01% of LVMH's issued shares. Félicitations.

Four of the biggest US technology companies together have forecast capital expenditures that will reach about $650 billion in 2026 — a mind-boggling tide of cash earmarked for new data centers and all the gear housed within them. www.bloomberg.com/news/article...

Jassy throws shade at #$GOOGL saying +24% on $142 billion base is special. True. But to spend capex at pace #$AMZN is, AWS needs to accelerate beyond +24%. Backlog +40% is a start. But Q1 sales guide (into accelerating capex) at +9-13% doesn't evidence planned acceleration.

Weekly low right on the 20-wma (arrows). We've been down there twice in recent weeks. Normally, that signals a weakening trend (as also shown by RSI and MACD). You don't want to go back down there anytime soon

On the “huge vibe divergence” between tech and finance on AI: Enhanced AI tools are <offering> much more to the world, but AI is also <asking> much more of investors. sherwood.news/markets/why-...

On Wednesday, we released our new podcast episode with Dr. Ashwin to discuss telehealth and #$HIMS The timing couldn't have been more perfect. We talked ➡️ The issues with their GRAIL test ➡️ The dark side of lab tests and telehealth in general ➡️ The SNAC patent (perfectly timed) ➡️ And much more

My first mentor in the investment industry used to say “they don’t ring a bell at the top” but I’m starting to wonder

Pretty normal earnings reactions this season... beats rising 0.9%, misses punished by 2.3% @factset

Closed all my puts yesterday and covered most single name shorts. Hoping to see vol come down so I can put them back in place. 1H sees a big fiscal stimmy from OBBB taxes breaks, but going into 2H unhedged is crazy.

Japan's 2-year bond yield has surpassed levels last seen during the 2007-08 crisis.

BREAKING 🚨: U.S. Housing Market Home Sellers now outnumber Buyers by 530,000, the largest gap ever recorded 🤯👀

AI cloud computing demand is white-hot. Amazon, Google, and Microsoft each reported hundreds of billions in RPO (remaining performance obligations), that they can’t fulfill yet. Collectively, the big three cloud providers reported a $1.1 TRILLION backlog of revenue. sherwood.news/tech/big-tec...

I'll be talking with Fed Vice Chair Philip Jefferson at 12 noon ET at this @brookings.edu event today. Supply-side factors and inflation: What have we learned? www.brookings.edu/events/suppl.... In-person (registration required) & livestreamed.

Marriage is the biggest financial decision you’ll ever make. In a brand new section of the newsletter, Heather sits down with a top matrimonial attorney to discuss prenups, leverage, and the conversations couples shouldn’t avoid. New on The Joint Account. www.readthejointaccount.com/p/prenups-po...

For those looking for freelance work in the wake of WaPo layoffs: I'm an editor at large overseeing Ideas & Culture at Bloomberg, including our Books coverage. Find me at [email protected]

🚨The new @ckaiwu.bsky.social note on AI adopters is a banger. Great nuance, not just sweeping generalizations. etfarchitect.com/wp-content/u...

* BLS RESCHEDULES US JAN. CPI REPORT TO FEB. 13

Main Street Deals: SMB Law Group’s new podcast about lower-middle-market M&A is now live 🔥 Watch Episode One here: youtu.be/EdbV3qJEiM0?...

Pouring one out tonight for Nick Train and Terry Smith, who rode consumer staples all the way down, before rotating into data services stocks, which are now getting smashed on the assumed threat from AI.

I'll kick if off with #$CELH that I recently presented at Manual of Ideas Best Ideas 2026 conference www.latticework.com/p/celsius-ca...

But aren't stocks supposed to go straight up? Plus, Corning as a canary? And just when nobody wants to hear about short-selling, along comes a book on how to WIN doing it... something the author knows a thing or two about. www.herbgreenberg.com/p/the-wrap-b...

Amazingly, seems that Epstein traded sovereign CDS from his gmail account.

People don’t want you to know that in order to outperform, you need to be doing something that the market doesn’t understand or hates for some period of time before it starts working.

Here's Visa reiterating consumer strength. Visa already accelerated 300bp in Q3 & over Holiday quarter #$V kept that pace of 8% & overseas accelerated from 10% to 13%. January more of the same. Like Mastercard, cross-border strong, particularly online. 🔥. #$MA #$AXP #$XLY #$XLF

When you’re in Eastern Time grinding & your Pacific Time colleagues wake up and log onto Slack

this is rly embarrassing but i hate when it snows in nyc. how do u guys not spill everywhere???

Did you know cashtags were invented by Howard Lindzon? Originally made up for the platform he founded, StockTwits @stocktwits.bsky.social, the format of indicating a ticker via a dollar-sign prefix was so useful, it eventually spread all over social media - now it's here too bsky.app/profile/bsky...

Recommended follow here for #BlueFin folks - Sadanand is WSJ's South Asia columnist, providing essential analysis on the region's economics, foreign policy, and what's actually happening on the ground

Interestingly, while economic indicators are relatively stable, consumer confidence has been steadily dropping. My @morningjoe-msnow.bsky.social Chart

Powell dodged questions seven times saying he has nothing for you. With the economy strong and no forward guidance, expect no rate changes at his final meetings. 🟢 Open

new boring ATHs. FOMC over (nonevent). megas reactions aren't causing any damage. and yet Feb VX is still .75 higher than Jan 9th level

Chair Powell reads opening statement at the #FOMC press conference on January 28, 2026: youtu.be/Q3Z4egDQlk0

What a time to own non-US Dollar assets. (Please don't ask me about all those years I spent owning European equities and earning nothing.)

<5 mins to Fed

Don't see how today's FOMC statement/presser can be market moving. Near term it's all about Trump's chair choice and the confirmation hearings. Thoughts?

⏰ Happening soon. Our next interest rate decision is happening today at 9:45 AM (ET). https://bit.ly/4bq0meQ #economy #cdnecon

A very strong report from ASML (big Dutch semi equipment maker) is joining news from Seagate and Texas Instruments to boost Tech this morning. So some AI "picks and shovel makers" are doing well, will see when Microsoft and Meta report after the close how the "gold miners" are doing.

#TreasuriesToday: Yields little changed, off session highs. Contracts for FOMC decisions are priced for no rate change at 2pm, 25bp cut by July & probably another by year-end. Ahead: $44b 7Y auction Thurs, month-end index rebalancing Fri (0.05yr duration increase estimated).

Our Fed Meeting Day feed is live. Follow for real-time reaction & analysis as Jerome Powell's Federal Reserve makes a pivotal rate announcement under the most intense scrutiny ever. Please repost for reach 👍 bsky.app/profile/did:...

"baseball hats"

I know that most of you were not watching CNBC at 8pm EST on Xmas Day, but EU/India trade deal before US/India trade deal was a 🐿️ call. See below for the receipts.

Everybody got their S&P 7000 and Dow 50,000 baseball hats ready for tomorrow?

It seems that the vibe is finally shifting over here. Are things... getting better? Is it true that Good Work is done slowly over time, often in increments that the Human Brain cannot comprehend until it's happened?

One of my fav charts.. #$FCNTX vs #$IWF Steady/slightly negative alpha since 2008. Just coasting and hugging the index... the ultimate victory lap!

Definetely one of my next books, only because it's not out until next autumn @robinwigglesworth.ft.com All info here: btfd.substack.com/p/im-back-ish

Longtime bulled-up PMs peacing out is a bearish signal

Third Point sends letter to CoStar #$CSGP Board "Our standstill period expired at midnight" Third Point will propose own slate of directors "The reconstituted board should immediately consider strategic alternatives for Homes dot com and related RRE businesses" Our view: Lower threat to #$RMV

UnitedHealth #$UNH Obliterated 📉📉

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