Investment
Editor's Notes * I mentioned Accenture as a potential target to look into after their Dec 18 earnings in a previous newsletter. Their strong performance vs. AI impact and soft IT cycle phase provided an interesting entry point - multiples close to 10-year low. * Below is a new experimental
Investment
Editor's Notes: * Macro theme remains the same as the past few days. Expect more AI debate / US overvaluation to dominate the markets in 2026. * Insider buying may signal some bullish view on Nike for 2026, given CEO, Tim Cook and another director's recent insider buying. Only
Investment
Editor's Notes: * Going into 2026, sentiment remains mixed and dominated by the debate around AI, with defense, metals & mining, the AI supply chain, JP MBOs, and China consumption on top of investors' minds. While valuations are rich, there is healthy skepticism, topical concentration, and plenty of
Investment
Editor's Notes: * Pfizer has been a popular "fallen angel" name (8x LTM / FWD P/E and 7% dividend yield), with Michael Burry's bullish call option disclosure in Nov putting it on many people's watchlist. * The heart of the issue is the transition
Investment
Editor's Notes: * AI is still leading, but expectations feel heavy. The market is optimistic, yet conversations are shifting from “AI = growth” to real constraints—optical bandwidth, transmission lines, and capex pressure. I’m still constructive, but I’m also more selective; not every AI-linked story deserves a
Investment
Editor's Notes: * Oracle feels like one of the clearest examples of how the AI trade is evolving from a margin story into a balance-sheet story. On the surface, the growth narrative is undeniable: OCI is scaling rapidly, RPO has exploded on the back of the OpenAI deal,
Investment
Editor’s Notes * Precious metals are sending a loud signal. Silver’s move really caught my attention—up 17% in a single holiday-shortened week and 40% month-on-month, decisively outperforming gold. This doesn’t feel like a speculative blip. Between geopolitical flashpoints, talk of physical shortages, and distrust
Investment
Editor's Notes: * Electricity for AI: Datacenter consuming 6% US power in 2026 and 18% in 2030 would require "Manhattan project of natural gas-fired power plant construction", as a gap measure before nuclear. This may be an interesting 2026 thematic play to continue (shifting from GEV
Investment
Editor's Notes * Heading into 2026, the market presents a complex outlook, driven by robust retail-driven gains and persistent macro-level anxieties. * Bullish price action vs. creeping macro anxiety. I’m struck by how split the market feels. On one side, you have very confident calls for the
Investment
Editor's Notes: * What stood out to me today is how clearly the market narrative is shifting from AI excitement to AI execution. The buzz is no longer just about models and chips, but about whether the physical layer—power, data centers, cooling, grids—can actually keep up. That’
Investment
Editor's Notes: * Duolingo is a genuinely beloved app in my household. I first let my eldest son use it to learn a new language. Then his younger brother joined. Then my wife. They all started with languages and naturally branched out into math, music, and most recently chess.
Investment
Editor’s Notes: * U.S. markets are riding strong Q3 GDP and a year-end rally, but conviction is thinning. The K-shaped recovery narrative is hardening: AI leaders like NVIDIA and select semis keep winning, while many consumer, software, EV, and travel names sell off on earnings, guidance cuts,