...there is no respite to the sensory overload...

"KD was a disaster, with a miss-and-cut report, several mgmt. changes, and a delayed 10Q filing." 

...uncertainty expressed regarding future inflation outcomes - decreased

...our macro models suggest that equity valuations are higher than the macro backdrop would normally justify.

“what is left for the banks is small, and China doesn’t exactly set the Treasury market on fire at the monthly auctions.”

...and it argues for running a bit smaller until technicals rebuild – better liquidity, less crowded shorts, more balanced positioning.

The next five days will feature an unusual pairing of major US data releases: the January employment report on Wednesday and the January CPI report on Friday, two reports which usually never appear in the same week

"Once again, Big Pharma is weaponizing the US..." 

European equities experienced one of the highest dispersion sessions in years last week: The gap between the weighted average realized volatility of Euro Stoxx 50 Index constituents and the gauge itself spiked above 30 points, the second-largest gap since 2009.  

“These moves also make people say, ‘Let me be a little bit more cautious than I had been” and wait for a better opportunity"

...top Goldman trader suggests this feels like a classic “what would Warren Buffett buy” market.

Automotive giant Stellantis is reporting multi-billion-euro write-downs for the second half of 2025. At the same time, management announces a strategic return to traditional internal combustion engines and a stronger focus on hybrid powertrains. 

The People’s Bank of China is boosting the supply of money available to banks to ensure they can meet the surge in demand for cash during the Lunar New Year holidays.

In Groß-Gerau, Hesse, a billion-euro project has been blocked by citizen opposition and the local council’s majority. The town now seems the epitome of Germany’s decline: backward-looking, stubborn, and hopelessly lost in an era that leaves no room for passive solipsism.

Under Trump, the US has taken equity stakes in Lithium Americas, MP Materials, Vulcan Elements, Intel, Westinghouse, US Steel, and entered profit sharing agreements with Nvidia and AMD. It has announced Project Vault, a strategic mineral stockpile and much more. 

"This week’s notional short selling in US Single Stocks was the largest on our record" - Goldman Prime Brokerage

...watch the fwd P/E multiple of the NDX relatively closely.