Trump’s directive risks bringing more of that regime back...

"We are receiving memory chip supply requests from many companies, and we are thinking hard about how to address all demands."

Starmer’s regime isn’t prioritizing kids... it’s weaponizing safety pretexts in an effort to crush X’s influence.

“The market does not care about Trump’s capricious tariff threats. Trump’s previous backdown from China has shown that bigger levers such as the supply of rare earths matter more in tariff negotiations. It is unlikely that he can afford to upset the trade truce with China just to pressure Iran.”

...despite a record increase in Movie & Sports Admission costs.

While Q4 earnings were a touch weaker than expected despite another blowout sales and trading quarter, the bank appeased market by projecting markets NII of $8bn, putting total NII modestly above consensus.

One hedge that stands out to us is VIX calls / call spread, as institutional funds are now decently net short VIX futures. (GS)

China rallied to new cycle highs overnight but all major indices closed in the red, marking the first pullback since Dec 17, 2025...

"The setup is one where markets are bulled up, but the data suggest that a hawkish print is more likely than a dovish print; but, the market outcomes are skewed bullishly"

"Since its acquisition of Aerojet Rocketdyne, L3Harris has significantly invested to transform and grow its production..." 

Wall Street hopes that earnings expansion rather than valuation multiples will drive market gains...

"There is relief in renewables, {UBXERNEW} up 50bp, as ORSTED is given the green light..." 

“When any government criminalizes doctors for advising their patients, it crosses a line that free societies have always treated as sacred.”

A visual tour through fifteen charts that caught our attention, starting with how rich the 1% are and ending with horrible man-colds.

Brrr...

A look at global equity valuations shows a market that is expensive in places, defensible in others, and increasingly reliant on late-cycle assumptions.

Tensions are growing between Turkiye-Pakistan and Israel-Cyprus-Greece...