The market got off to a strong start in 2026, with investors chasing industrials, materials, and commodity-related stocks as the reflation narrative gained traction.
We are starting to see the beginnings of deglobalization: Countries are increasingly at odds with each other. There is wider disparity among political parties.
By Macro-Ops
A breakout failure, hawkish Warsh surprise, weak seasonality, and High Trend Fragility suggest odds favor a sentiment washout is on the table.
There is lots of money around. There is not an imminent debt crisis; though the concern is there. There is a need for re-balancing, and hedgers for sure had a lesson about that this past week.
The U.S. remains the highest tariff nation with really nothing to show for that pain.
The quantum computing industry is expected to experience a CAGR of 36.9% between now and 2030 but there will be bumps along the way. Last week the 4 constituents in our Pure-Play Quantum Computing Stocks Portfolio declined sharply.
Bitcoin topped in October 2025, ending the three-year bull cycle. The market is now unfolding a higher-degree corrective phase, with wave A in progress and a broader wave IV expected to play out through 2026.