Saturday, February 14, 2026

Epstein sent this to himself. Please help me identify who wrote this story and if it was ever published anywhere.

Could be journalist Michael Wolff, if I had to make a guess. But I truly have no clue. 

I saw him do an interview about what it was like being at Epstein’s house and he mentioned the stuffed elephant. This story mentions the elephant also. (Reason Epstein had it and liked it was creepy so that stuck out to me) Hardly dots to connect though. 

I found this email extraordinarily interesting. I would love to know who wrote it. It’s honestly such an ass-kiss piece it wouldn’t surprise me if Epstein wrote it himself. 

I’m going to add some, but not all. If you want to read the entire thing:

https://jmail.world/thread/HOUSE_OVERSIGHT_023627

>Once I arrived for a visit and found several police cars blocking the street and thought the worst—they'd come for him. But it was a massive security detail for a well known head of state who had come for tea.

>We met several years before he became arguably the world's most notorious sex offender. In 2002, his plane, a meticulously appointed 727, ferried a group of people to the TED conference in Monterey. He was the mysterious and peculiarly gracious host arriving after everyone had boarded: tanned, relaxed, attentive, soliciting every guest's story and views, and accompanied by three young women not his daughters, witty, poised, helpful, and beautiful—out of a men's magazine fantasy of the luxe life.

>Google founders, Larry Page and Sergey Brin, with their company rising into the stratosphere, came out to see his plane on the Monterey tarmac and, with a few other Googlers, literally ran whooping from one end of the plane to the other. Then, sitting in the plane's plush living room, they described, in what I could not be sure was a put-on or entrepreneurial brainstorm, the future of search.

>Since that trip, and through his travails, I have often been invited to his house to participate in the conversations of the newest ideas that often take place there.

>Pictures on the table have Jeffrey and prime minister, princes, leading scientists. with fidel castro next to the photo with pope, I guess his attempt at levity.

>These meetings, and this lifestyle, have somehow stayed private or secret—or apart—not out of any formal or stated restrictions, but because, in some sense, it would be very hard to explain just what you're doing there with a well known sex offender in a mouth dropping home flaunting all moderation.

>And yet, defying controversy, and tolerating his societal tone deafness—or shy attitude toward the zeitgeist—still so many come. Gladly. Willingly. Feeling that his invitation is frankly quite an extraordinary privilege.

>As part of a many friends encouraged effort to get "out in front" of the notice that might be expected when it was revealed the number and wide diversity of the most rarified thinkers of our generation that come to visit Epstein agreed to a limited on-the-record conversation with me.

>He recounts a dinner he had two nights before. The scene is, like much of what he does, a conspiracy theorist's fantasy—the six men at this dinner, all technology entrepreneurs, representing, together, over a hundred billion dollars and now trying to figure out how to use their resources in order to help shape the world.

>Missions to Mars, age reversal. understanding the big bang, teleportation, Artificial Intelligence and Synthetic Biology are this weeks topics.

>Epstein's role in this discussion of the private allotment of what is in fact a decent fraction of the U.S. Gross Domestic Product is not only as an experienced philanthropist himself but as a sort of adviser or brain—the "rich whisperer"—making him, in addition to his own vast wealth ( two private islands, one for guests ), arguably among the most influential people you've only heard of for reasons that have absolutely nothing to do with his influence.

**hi hey it’s me, OP. Need to chime in. “THE RICH WHISPERER” that’s quite a title. And two islands, not just one? Am I the only person who didn’t know there were two?**

>In fact, the life in the house, without wife or children or conventional domestic demeanor, rather conforms to the scripted fantasies: somewhere between Daddy Warbucks and Eyes Wide Shut. There is indeed a group of young women—in their twenties and thirties—who act as Epstein's support staff and companions. Some have worked for him for many years, marrying, having children, and continuing as part of his business and household infrastructure. One woman, on an afternoon when I was there, had just returned from an around-the-world honeymoon that Epstein had arranged for her. Some are, or may have been, his romantic interests. One former girlfriend, Eva Andersson Dubin, a Swedish model and Miss Universe finalist whom Epstein has known for more than thirty years, became one of new yorks top doctors—Epstein helped finance her medical school education —She married hedge funder Glen Dubin. Together they financed the Dubin Breast Center at Mount Sinai Hospital.

>Epstein will sometimes move a meeting in his dining room outside to Central park—his idea of going out to lunch is a Sabrett's hot dog—with the various young women in the house acting as the accompanying entourage, as though something out of an 18th-century French court.

>But the Hefnerian like attitude can also at the flash turn to sharply honed financial discussion. The highly poised young women in a mansion on the Upper East Side with various office responsibilities remind me of the various uptown art galleries in the surrounding neighborhood. They mingle freely with his hyper powerful guests, not so much as hostesses—or, in tabloid language, harem-like “sex slaves” but as attentive colleagues (which, of course, might be regarded by some as having its own fetish-like attraction).

>The Epstein house/office is, by careful design, exclusive and clubby, part hang out, part secret society. Along with the fact that, even after his jail term, the rich and powerful have continued to so eagerly solicit him, it's also notable in the fixed hierarchy of who comes to whose turf, that, when they want to see Epstein, they tend to come to him. He's created a world and you enter it. Many arrive in weekend clothes. or as one world leader said, Ah here i can come in sweat clothes.

>In effect: the outside world comes to Epstein's and he eagerly solicits reports. It's a real time newspaper, or the news you don't read in a newspaper, market movements before they occur, geopolitics with the ultimate decision makers at the table, the health and personal eccentricities of some world leaders, discussions in hushed tones of the next high level government appointments soon to be announced.

>It's Sunday lunch—in his schedule from a week last fall—with Gates, Mort Zuckerman, the real estate billionaire and owner of the Daily News, and Peter Thiel, the PayPal co-founder and early Facebook investor. That evening its Sheikh Hamad Bin Jassim, the foreign minister of Qatar. Hamad lives across the street in a similarly furnished house—he and Epstein have the same decorator.

>Next morning, Epstein is joined for breakfast in the dining room by the lawyer Reid Weingarten, who's represented, among other fat cats in trouble, Worldcom's Bernie Ebbers and Goldman Sachs's Lloyd Blankfein. Weingarten, hoarse with a cold, is still lamenting his failed defense of former Connecticut Governor John Rowland. ( later to be overturned on appeal ) After a blow-by-blow of the trial, they discuss the Qatarian's visit—Epstein served chocolate made with specialy chosen pistachios grown on the Sheikh's farm—and speculate about who actually controls ISIS, with Weingarten arguing that the Turks are not getting enough scrutiny. Weingarten represents Gulen, the U.S. target of the Turks, There is, in Epstein's dining room, always an alternative version of world events.

>Why,” I ask Weingarten, when Epstein briefly steps out of the room, “do so many people keep coming back here, everything considered."

>”Why we camp out here? I guess because there's truly no other place like it."

>Epstein summons in the next person cooling his heels in the ante-room. It's a young man named Brock Pierce, an active investor" in Bitcoin and the programmable currency space.

>After a bit, Epstein invites his next appointment to join them: Larry Summers, the former treasury secretary and President of Harvard, off Diet Coke, digs deep into the Sheikh Hamad chocolates, then focuses in on the Bitcoin investor.

>That evening, in the Epstein dining room (he seems rarely to use the rest of the house's 50,000 square feet), there is a small cocktail party, which includes the former Prime Minister of Australian, Kevin Rudd, and Thorbjørn Jagland, the head of the Nobel Peace Prize Committee, who offers an affable, but generally scathing, critique of U.S. diplomacy (and a brief defense of Obama's Peace Prize award) and to whom Epstein offers a ride back to Europe on his jet.

>The next morning, it's Ehud Barack, the former Israeli Prime Minister, for breakfast. Barack is, over his omelet, able to defend both Obama and Putin. Then a high ranking official from the Obama White House, whose name I am asked not to use. There follows the former head of the UN Security Council, Hardeep Purie, and then head of the central bank of Kazakhstan, Kairat Kelimbetov. Then Nathan Myhrvold the former chief technology office at Microsoft. Then Martin Nowak, a Professor of Biology and Mathematics and Director of the Program for Evolutionary Dynamics at Harvard, the institute that Epstein has funded with $30 million. Part of Nowak's research has to do with trying to “describe cancer mathematically." (Epstein preempts Nowak's explanation: "Think of cancer the same way as you think of a terrorist group. The NSA has been able to thwart a great number of terrorism acts by intercepting communication signals from one terrorist to another. That same dynamic, a form of signal intelligence, of finding a terrorist in Europe, can be used to intercept communication between cancer sells. Cancer cells merely communicate in protean code rather than electronic code. If you can decode what the signals are saying you can jam those signal between terrorist calls—essentially wipe out their cell phones. Likewise if you can decode biological signals you can jam them too, that's the holy grail.")

>Then Richard Axel, a Nobel prize winner in physiology. Then Ron Baron who has $26 billion under management in his Baron Fund. Then Josh Harris, the co-founder of Apollo Global Management ($164 billion under management) and owner of the New Jersey Devils and the Philadelphia 76ers.

>The question is why, in the face of such public flogging , with the paparazzi so near, do the high and might still come?

>What goes on at Epstein's house might seem just to confirm everyone's worst fears about power and the powerful: it's all insider stuff. But the conversations at Epstein's are the conversations, I suspect, that rich men dream of, but in the real world, such a buttoned-down and agenda-driven place, are actually hard to have.

>there is a stuffed baby elephant in his living room—that is, the elephant in the room. (Epstein says too it's a reminder that elephants have 23 copies of cancer tumor suppressor genes and humans have only.

>Epstein often tells his middle class to riches tale: born in 1953 in Coney Island, father worked for the city's Parks Department, mother a housewife.

>The captain of the math team at Lafayette High school in Bensonhurst, he went on to Cooper Union where the tuition is free. He dropped out after two years. Without a college degree, an unsolved mystery, he got a job teaching math and physics at Dalton in 1974.

>Punch Sulzberger, the publisher of the New York Times, and a Dalton father at the time, tried to recruit Epstein to come to the Times.

>He soon became the protégée of Jimmy Cayne (also hired by Ace Greenberg on a whim—he met him in a bridge game), who would go on to run Bear and to lose his fortune in Bear's 2006 collapse). Epstein's leave-taking or ouster from Bear was the result of politics, envy, overreaching, or a securities violation, or...unclear. But, no matter, when he left in 1982 he took with him billionaire clients, including Marvin Davis, a real estate developer who owns Twentieth Century Fox, and Herb Seigel, a major media investor in the 1980s. At this point, Epstein was dating Morgan Fairchild, a television star in the new mega-rich-family soap operas, Dallas and Falcon Crest.

>Thirty-year-old Epstein was living a Lifestyle of the Rich and Famous (he befriended the show's star, Robin Leach), at English shooting parties and country estates with Saturday night black tie dinners, where he was meeting the over-the-top families of Europe.

>For a period, one part of his activities, he says, was recovering looted monies. Then, in his telling, he was representing a series of vastly wealthy people and families—helping them to navigate the ambitions of their wealth.

>In 1994, just at the moment when Prince Charles was on television acknowledging his love for Camilla Parker Bowles, Jeffrey Epstein was sitting with his arm around Princess Diana at a dinner at the Serpentine Galley in London (Diana wearing her “revenge” dress that evening). Graydon Carter, in his second year as editor of Vanity Fair, was also at the dinner.

>He joined the board of Rockefeller University. And then he was suddenly on the Trilateral commission, that cabal of business people who are fancied by some conspiracy buffs, as the group running the world. He bought, from his client Limited Founder Les Wexner, the largest private house in Manhattan. He bought an airplane. Then another. He expanded his holdings in New Mexico. He began a Xanadu-like refurbishment of his Caribbean Island and then bought the neighboring island for guests.

>He befriended Bill Clinton in his new after-office life—and that would prove to be quite the fatal pairing.

>In the last days of my interviews with Epstein, he was called by a particular world-stage individual, among the richest and most powerful—proudly louche himself—who, feeling out of his depth in a world of crashing oil prices and wild currency fluctuation, had come to believe he might benefit from some private tutoring. Epstein welcomed him to the club.


Bitcoin vs Stocks Investment Debate: Trade Both With Zero Fees on Phemex TokenFiesta Event

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Michael Burry vs Amit

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Friday, February 13, 2026

The Daily Market Flux - Your Complete Market Rundown (02/13/2026)

Our platform aggregates and organizes all relevant market news, helping you stay informed, up-to-date, and knowledgeable without spending hours sifting through headlines.

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Here is Your Complete Market Rundown (02/13/2026)

Top Story

US January Inflation Comes in Below Expectations as CPI Rises 2.4% Year-Over-Year

US consumer prices rose 0.2% monthly in January, below the 0.3% forecast, while annual inflation reached 2.4%, under the expected 2.5%. Core CPI met expectations at 0.3% monthly and 2.5% annually. Gold prices gained on the softer-than-expected inflation data.

Company News

UBS Group Ag (UBS)

Performance Overview

1D Change: -0.57%

5D Change: -4.32%

News Volume: 127

Unusual Volume Factor: 1x

UBS Issues Wave of Rating Changes Across Sectors as Analysts Adjust Price Targets and Outlook

UBS conducted extensive coverage adjustments on February 13, issuing rating changes and price target revisions across multiple sectors. The firm upgraded Rivian Automotive from Sell to Neutral, citing balanced risk-reward dynamics and projecting 14 percent upside with a price target of $16. The electric vehicle maker received concurrent upgrades from several other firms including Deutsche Bank’s move to Buy. In the utilities sector, UBS downgraded both Edison International and Evergy from Buy to Neutral on valuation concerns and balanced outlook, while upgrading Xcel Energy from Neutral to Buy with 13 percent upside potential.

The firm maintained its constructive stance on logistics REITs while expressing caution on office and retail properties ahead of UK REIT earnings. Technology coverage saw mixed adjustments. UBS raised its Roku price target to $110 from $103, projecting 33 percent upside while maintaining a Neutral rating. Pinterest faced a significant price target reduction to $26 from $40 due to weak revenue outlook. The firm raised price targets on several tech names including Arista Networks to $177 and Applied Materials to $430, both maintaining Buy ratings.

In consumer and industrial sectors, UBS lowered Domino’s Pizza price target to $500 from $540 while maintaining Buy, and reduced Fortune Brands target to $70 from $79. The firm raised targets on US Foods to $117 and Generac to $270, both with Buy ratings. UBS Wealth Management separately set a year-end 2026 S&P 500 target of 7,700, expressing confidence in AI-driven market momentum despite near-term volatility. The firm noted retail investors are returning to Big Tech, with $197 million flowing into the Magnificent Seven stocks on Wednesday alone. In legal news, UBS was ordered to pay $5.5 million to a former client who is a prominent real estate broker.

The Goldman Sachs Group, Inc. (GS)

Performance Overview

1D Change: 0.09%

5D Change: -2.52%

News Volume: 129

Unusual Volume Factor: 2x

Goldman Sachs Chief Legal Officer Resigns Over Epstein Ties as Bank Navigates Market Volatility and Crypto Investments

Goldman Sachs’ top lawyer Kathryn Ruemmler resigned following revelations in Justice Department documents showing she accepted gifts from convicted sex offender Jeffrey Epstein, including a $9,350 handbag, and referred to him as “older brother” and “Uncle Jeffrey” in emails. CEO David Solomon told CNBC he “reluctantly accepted” her resignation, noting the controversy made it difficult for her to execute her responsibilities effectively. The resignation came as Goldman Sachs shares plunged over 5% Thursday alongside other major banks including JPMorgan and Citigroup during a broader market rout driven by AI-related concerns.

Despite the turbulence, Solomon characterized the economic landscape for 2026 as “quite good” with a “constructive environment,” though he expressed concern about continued deficit levels. Goldman disclosed significant cryptocurrency positions, revealing a $920 million Bitcoin bet despite the recent market crash and a $152 million position in XRP, representing 14% of the XRP ETF.

The bank also participated in institutional crypto activity alongside Jane Street in driving XRP ETF inflows. On monetary policy, Goldman economists forecast two Federal Reserve rate cuts in 2026, with the first expected in June. The bank projected January core CPI at 0.33% versus consensus of 0.3%. Some Goldman analysts see potential for four rate cuts depending on labor market conditions. Goldman issued multiple analyst calls, upgrading Upstart from Sell to Neutral and raising price targets on Arista Networks, Applied Materials, and Stanley Black & Decker while downgrading BB Seguridade to Neutral.

The firm expects “very large IPOs, unprecedented in size” this year and anticipates NVIDIA will deliver a beat-and-raise quarter. The bank also selected ad platform Moloco alongside JPMorgan to lead an upcoming IPO and created a new custom basket targeting software stocks perceived as insulated from AI disruption.

Barclays Plc (BCS)

Performance Overview

1D Change: -0.94%

5D Change: -4.22%

News Volume: 137

Unusual Volume Factor: 2x

Barclays Issues Sweeping Price Target Adjustments Amid AI Selloff Warning and Active Portfolio Repositioning

Barclays analysts warned that the AI-driven market selloff may remain unstoppable in the near term, with investors in a “sell first, think later” mode. Analyst Emmanuel Cau noted that while markets remain broadly resilient, fears of AI disruption are driving sharp sector rotations and could continue pressuring valuations. The bank executed extensive portfolio adjustments across multiple sectors. In technology, Barclays raised Applied Materials’ price target to $450 from $360, projecting 37% upside, while upgrading Zscaler to Overweight despite lowering its price target.

The firm also raised targets on Arista Networks and Tower Semiconductor. However, AI concerns prompted significant cuts to software names, with Tyler Technologies slashed to $410 from $715 and Procore reduced to $65 from $90. In retail, Barclays downgraded H&M to Underweight from Overweight on weak sales growth concerns, while downgrading Fortune Brands on 2026 outlook worries.

The bank raised price targets on consumer names including Crocs and Kraft Heinz. Healthcare saw mixed moves, with Barclays reinstating Medtronic coverage at Overweight with a $116 target, citing strong heart device growth prospects. The firm also highlighted Vertex Pharma’s renal pipeline as a major growth driver while raising Tenet Healthcare’s target to $257. In cryptocurrency exposure, Coinbase’s price target was cut nearly in half to $148 from $258, though Barclays still sees 5% upside.

Travel and hospitality names including Expedia, Copa Holdings, and Hyatt received raised targets. RBC Capital separately raised its Barclays bank stock price target to 550 pence from 525 pence, maintaining an Outperform rating as the bank pledges enhanced shareholder returns.

Applied Materials, Inc. (AMAT)

Performance Overview

1D Change: 8.08%

5D Change: 10.08%

Applied Materials Surges 13% on Strong Earnings and Bullish AI-Driven Forecast

Applied Materials shares jumped over 13% on February 13, 2026, reaching an all-time high of $368.25 after the chipmaking equipment manufacturer reported better-than-expected Q1 2026 earnings and issued an upbeat revenue forecast. The rally was driven by robust demand for AI infrastructure and chipmaking tools, with CEO Gary Dickerson predicting growth momentum will continue through 2027, when he expects global semiconductor industry revenues to reach $1 trillion.

The strong results prompted a wave of analyst upgrades and price target increases across Wall Street. Summit Insights upgraded the stock from Hold to Buy, while Craig-Hallum raised its rating to Buy from Hold. KGI Securities upgraded to Outperform from Neutral, citing 29% upside potential. Multiple firms raised price targets to $450, including Barclays, TD Cowen, KeyBanc, Deutsche Bank, and Stifel. Cantor Fitzgerald set the highest target at $470, while other firms including Wells Fargo, Needham, RBC Capital, UBS, Mizuho, and Bernstein also increased their targets.

The company’s performance stood out as a bright spot amid broader market concerns about AI valuations, with analysts characterizing Applied Materials as a shelter from AI fears. The earnings beat was attributed to surging AI demand driving chipmaking tool orders and memory shortages supporting equipment sales. Applied Materials was among the day’s most active movers in premarket and regular trading, appearing alongside other notable stocks including Arista Networks, which also posted strong results.

The stock’s performance came as markets digested a CPI inflation report showing inflation falling to 2.4%, a four-year low, though broader indices remained under pressure with the Nasdaq heading for its fifth consecutive weekly decline.

Airbnb, Inc. (ABNB)

Performance Overview

1D Change: 4.65%

5D Change: -0.66%

Airbnb Surges on Strong Q4 Results and Optimistic 2026 Outlook as Analysts Upgrade Stock

Airbnb shares jumped 6.4% in premarket trading February 13 after the company reported fourth-quarter revenue that exceeded analyst estimates and issued upbeat guidance for 2026. The vacation rental platform cited resilient global travel demand and growing adoption of its flexible payment and booking options as key drivers of accelerating bookings growth.

The strong results prompted a wave of analyst upgrades. Deutsche Bank elevated Airbnb from Hold to Buy, projecting 33% upside, while Evercore ISI upgraded the stock to Outperform with a 25% upside target. TD Cowen raised its price target to $160, maintaining a Buy rating. BMO Capital and Wells Fargo also increased their targets, though Wells Fargo maintained a Hold rating. Not all analysts were uniformly bullish—Morgan Stanley and Cantor Fitzgerald lowered their price targets, citing valuation concerns. CEO Brian Chesky expressed confidence that artificial intelligence represents “the best thing to happen to Airbnb,” suggesting the company views AI as an opportunity rather than a competitive threat.

Analysts noted Airbnb’s product improvements and strategic expansions as supporting continued momentum. Bloomberg Intelligence highlighted that healthy demand should fuel faster growth throughout 2026, helping Airbnb outperform in what analysts described as a challenging year for online travel stocks overall.

Coinbase Global, Inc. (COIN)

Performance Overview

1D Change: 16.46%

5D Change: -0.46%

Coinbase Stock Surges 15% Despite Q4 Miss as Analysts Slash Targets but Maintain Bullish Outlook

Coinbase Global shares jumped over 15% following fourth-quarter results that missed revenue and profit estimates amid softer crypto trading volumes. The company announced a $2 billion stock buyback program and signaled expansion of its Everything Exchange platform, highlighting diversified revenue growth from subscription services. CEO Brian Armstrong executed a $550 million stock sale through a pre-arranged trading plan.

Wall Street analysts broadly reduced price targets, with cuts ranging from Barclays’ $148 to H.C. Wainwright’s maintained $350, though most firms retained buy ratings. BTIG, Canaccord Genuity, and Deutsche Bank project upside potential between 57% and 113%. Analysts cited improving regulatory outlook, revenue diversification beyond transaction fees, and strategic buybacks as reasons for optimism despite near-term margin pressures in the softer crypto market environment.

Macro Events

Trump Administration Moves to Scale Back Steel and Aluminum Tariffs

The Trump administration is reassessing its metals tariff regime, planning to ease some steel and aluminum duties imposed last summer at rates up to 50%. Officials are working to narrow the scope of these tariffs, particularly for downstream products and goods that companies find difficult to calculate, amid concerns over affordability and implementation challenges. Separately, the Treasury Department released interim rules enforcing provisions in Trump's tax law that restrict clean energy tax credits for companies with excessive China-linked subsidies.

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Trump Announces Venezuela Oil Sanctions Waiver, Plans Future Visit

US waives Venezuela oil sanctions as President Trump emphasizes America's unique refining capacity for Venezuelan crude. Trump announced plans to visit Venezuela but provided no timeline for the trip.

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Trump Administration Sees Key Departures as Trade Policy Shifts and Courts Block Health Cuts

The Trump administration experienced significant personnel changes as Justice Department antitrust chief Gail Slater resigned after less than a year, marking the highest-profile casualty in internal disputes over competition enforcement. Goldman Sachs general counsel Kathy Ruemmler also stepped down following revelations of her ties to Jeffrey Epstein. On trade, the administration finalized a reciprocal agreement with Taiwan establishing a 15% US tariff rate while Taiwan committed to eliminating or reducing tariffs on American goods. Separately, Trump plans to scale back steel and aluminum tariffs, according to the Financial Times. A federal judge in Chicago temporarily blocked $600 million in public health grant cuts to four Democratic-led states. Meanwhile, European leaders are reconsidering nuclear weapons strategy following US policy shifts.

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Supreme Court Sets February Opinion Days as Tariff Ruling Awaited

The US Supreme Court has scheduled opinion days for February 20, 24, and 25, with markets watching for a potential ruling on a pending tariff case that could impact trade policy.

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U.S. Inflation Falls to 2.4%, Four-Year Low Triggers Mixed Market Response

January's Consumer Price Index dropped to 2.4%, marking a four-year low and exceeding market expectations for cooling inflation. The Dow Jones slipped despite the favorable data, while major indices showed mixed movements. Bitcoin rose as crypto traders increased bets on Federal Reserve rate cuts. DraftKings shares plunged following earnings results, while Applied Materials jumped, highlighting divergent sector performance amid the inflation news.

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U.S. Inflation Drops to Four-Year Low as Markets Weigh Fed Rate Cut Prospects

U.S. CPI inflation fell to 2.4%, a four-year low, with core CPI rising 0.3% in January as expected. The data triggered mixed market reactions, with Nasdaq futures falling amid AI-related concerns while Bitcoin gained on renewed rate cut speculation. Treasury yields dropped, with two-year notes hitting 3.40%, the lowest since October. Traders now price a 50% probability of a third Fed rate cut this year. The Dow slipped following the inflation report, while DraftKings shares plunged on disappointing earnings.

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Russia Cuts Key Rate to 15.5% as Economic Concerns Override Inflation Fight

Russia's central bank reduced its key interest rate by 50 basis points to 15.5%, signaling additional cuts ahead as economic growth concerns take priority over inflation management.

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Geopolitics Events

Merz Declares End of Post-War Order, Proposes European Nuclear Shield

German Chancellor Friedrich Merz announced at the Munich Security Conference that the post-World War II international order has fundamentally changed, citing U.S. policy shifts under Donald Trump toward unilateralism. Merz revealed he has held discussions with French President Macron on nuclear deterrence and called for a European nuclear shield. While stating that U.S. claims to global leadership are disputed or squandered, Merz rejected calls to abandon the transatlantic partnership entirely. He emphasized that even the United States cannot act alone and appealed for repairing transatlantic trust while advocating for the alliance to evolve in response to current challenges.

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Pentagon Adds Major Chinese Tech Firms to Military List Then Withdraws Document

The Pentagon designated Alibaba, Baidu, BYD, COSCO, and Huawei as Chinese military companies operating in the US under Section 1260H. The designation sent Alibaba shares sharply lower. However, the Defense Department subsequently withdrew the list from the Federal Register. The US also proposed banning government agencies from using certain Chinese semiconductors. Companies on such lists can request removal through an appeals process.

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Trump Escalates Iran Pressure, Signals Regime Change Preference as Second Carrier Deployment Looms

President Trump intensified rhetoric toward Iran, stating regime change "could be the best thing that could happen" while announcing plans to deploy a second aircraft carrier to the region shortly. Trump told troops that "fear" serves as a powerful motivator in difficult negotiations with Tehran over its nuclear program. The escalation comes as five Democratic senators questioned the administration's decision to lift sanctions on individuals previously accused of spreading surveillance technology used against Americans. Separately, the Department of Homeland Security faces an impending shutdown amid Trump's standoff with Democrats.

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Bangladesh Nationalist Party Secures Landslide Victory in Parliamentary Election

The Bangladesh Nationalist Party won a decisive parliamentary majority, with political heir Tarique Rahman positioned to become Prime Minister. The victory marks a stunning reversal for the nation's progressive party, whose September gamble to coopt rivals backfired. The landslide is expected to restore political stability in Bangladesh.

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Trump Administration Unveils $38.3 Billion Immigration Detention Overhaul

The Trump administration announced a $38.3 billion plan to expand and remake the US immigration detention system, aiming to streamline operations and accelerate deportations. Meanwhile, a federal judge ordered the administration to facilitate a deported college student's return.

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Stock Markets Events

Market Divergence Widens as Median S&P 500 Stock Falls 11% From Peak

Broad market weakness intensified with the median S&P 500 stock now down 11% from its 52-week high, signaling significant divergence beneath headline indices. Nearly 200 stocks hit annual lows, including major names like DraftKings, Booking Holdings, and Hercules Capital. Wendy's reached its lowest point amid weak guidance, while Sanofi neared lows following leadership changes. Bright spots remained limited, with Merck and PCG touching 52-week highs.

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Nasdaq Heads for Fifth Consecutive Weekly Decline as Tech Selloff Continues

The Nasdaq fell 1.9% this week, tracking toward its fifth straight weekly loss, the longest streak since May 2022's seven-week decline. Technology stocks led the selloff, dragging the index lower while the S&P 500 and Dow Jones remained relatively flat. The market wobbled despite February CPI data showing inflation cooled more than economists expected, with the Nasdaq opening down 0.2% while the S&P 500 held steady.

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Crypto Events

Coinbase Shares Rally Despite Missing Q4 Estimates as Investors See Bottom

Coinbase stock surged following weak fourth-quarter results that missed revenue and profit estimates amid a softer crypto market. The rally came as investors concluded negative factors were already priced in, with analysts maintaining buy ratings. Meanwhile, the CoinDesk 20 index rose 2.0% to 1920.47, led by UNI and BCH gains exceeding 5%.

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Bitcoin Faces Pressure as ETF Outflows Mount and Key $60K Support Level Looms

Bitcoin slipped to $67,000, heading for its fourth consecutive weekly loss amid heavy selling pressure. ETFs recorded $523 million in combined outflows as bearish sentiment intensified. The critical $60,000 level has emerged as a potential liquidation trigger, with Deribit data showing concentrated put options below this threshold near the 200-week moving average. Despite U.S. inflation falling to a four-year low of 2.4% in January—which briefly lifted Bitcoin and renewed Fed rate cut speculation—the cryptocurrency faces headwinds from declining network activity and whale selling. Standard Chartered warned of possible downside toward $50,000, while market sentiment indicators flash extreme fear near current levels.

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Trump Media Files SEC Applications for Two Cryptocurrency ETFs

Trump Media's Truth Social Funds has filed with the SEC to launch two cryptocurrency exchange-traded funds. The first ETF will track Bitcoin and Ethereum with Ether staking capabilities. The second, called the Cronos Yield Maximizer ETF, will focus on Cronos tokens with staking rewards. The filings mark a significant expansion into digital asset investment products.

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Corporate Actions Events

SpaceX Considers Dual-Class Share Structure for Planned IPO to Preserve Musk Control

SpaceX is weighing a dual-class share structure for its upcoming IPO that would grant Elon Musk super-voting power, allowing him to maintain control despite holding a minority stake. The approach mirrors governance models used by major technology companies and a strategy Musk previously proposed for Tesla.

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Oil And Gas Events

WTI Crude Tests $61 Support as Oversupply Concerns Drive Weekly Losses

WTI crude oil faces weekly declines amid oversupply fears and failed breakout attempts, testing key $61 support levels. Natural gas weakens below $3.20, while pump prices edge toward $3 per gallon. Market focus shifts to Iran and OPEC+ supply outlooks, with Venezuela's natural gas reserves emerging as potential development target.

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OPEC+ Signals Likely Return to Oil Output Increases Starting April

OPEC+ members are leaning toward resuming oil production increases from April after pausing output hikes throughout the first quarter, according to sources. Eight key member nations see scope to restart supply increases, though no final decision has been made. Talks will continue ahead of the group's March 1 meeting, where delegates will finalize output plans for April and beyond.

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One Gas and Canadian Utilities Hit 52-Week Highs Amid Mixed Energy Sector Signals

One Gas Inc reached a 52-week high of $85.35, while AltaGas, Enbridge, and Hydro One also hit yearly peaks. Oil prices headed for weekly losses on Iran and OPEC+ uncertainty. U.S. rig count remained flat at 551, with oil drilling declining to 409 rigs while gas activity rose to 133.

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Venezuela's PDVSA Restricts Oil Sales to Licensed Companies Only

Venezuela's state oil company PDVSA now sells crude exclusively to individually licensed firms, sources report, as oil sales exceed $1 billion with funds no longer directed to Qatar account.

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FTC Intensifies Microsoft Investigation, Probing Cloud and AI Business Practices

The Federal Trade Commission has escalated its examination of Microsoft, interviewing competitors about the company's cloud computing and artificial intelligence operations, according to Bloomberg reports.

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ECB Fines Credit Agricole €7.6 Million for Climate Risk Management Failures

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European Stocks Mixed as AI Concerns and Earnings Weigh on Markets

European equities opened lower and traded mixed following Wall Street's AI-driven sell-off, with investors digesting corporate earnings reports while awaiting key economic growth data.

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Moderna Exceeds Q4 Revenue Expectations Despite FDA Setback

Moderna surpassed fourth-quarter revenue estimates driven by stronger-than-expected COVID vaccine sales, though shares declined following an FDA regulatory setback announced alongside the earnings report.

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Biggest Stock Movers

Stocks were mixed higher Friday after U.S. consumer prices rose 2.4% in January, cooler than economists' expectations.

These stocks were moving:

$Applied Materials (AMAT.US)$ jumped 8% after the semiconductor-equipment maker beat analysts' earnings and revenue estimates for its fiscal first quarter. The company also issued a better-than-expected forecast for the current quarter. CEO Gary Dickerson said the company expects its semiconductor business to grow by more than 20% this year.

(ICYMI, read Broadcom Attracts Bullish Call Option Trade, Unfazed by 20% Slump: Options Chatter)

$Moderna (MRNA.US)$ reported a fourth-quarter loss of $2.11 a share on revenue of $678 million. Analysts had expected a loss of $2.54 a share on revenue of $635 million. Shares rose 5.3%.

$Arista Networks (ANET.US)$ rallied 4.8% after the networking-equipment company topped Wall Street's targets for fourth-quarter earnings and revenue. The company maintained its forecast for a 62% to 64% gross margin this year, easing concerns higher memory prices. The results came just a day after shares in peer Cisco Systems slumped 12% after Cisco reported that surging memory costs had dragged on its margins over the fiscal second quarter.

$Coinbase (COIN.US)$ Global jumped 7.7%. The cryptocurrency exchange operator reported fourth-quarter revenue that missed expectations and swung to a loss in the period on steep declines in the price of Bitcoin and other digital currencies. Investors may be using the earnings miss as an opportunity to buy the dip, seeing as shares have fallen 50% over the past three months amid a brutal crypto selloff.

$Airbnb (ABNB.US)$ gained 5.7%. The vacation rental's fourth-quarter profit fell short of analysts' expectations. Solid revenue guidance may be driving shares higher: For the current quarter, Airbnb anticipates revenue of $2.59 billion to $2.63 billion, above what Wall Street had forecast.

$DraftKings (DKNG.US)$ slumped 12% after the sports-betting company missed Wall Street's fourth-quarter earnings expectations and issued soft revenue guidance for the current year. The results could fuel worries about the threat that prediction markets like Kalshi and Polymarket pose to sportsbooks, although DraftKings did launch a prediction market of its own in the fourth quarter. Polymarket has a data sharing partnership with Dow Jones, the publisher of Barron's.

$Expedia (EXPE.US)$ Group fell 5.4% even as the online travel agency reported better-than-expected earnings and revenue for the fourth quarter. Shares took a beating last week on fears that AI will replace many service-based industries and those worries may have been driving the selloff Friday.

$Fastly (FSLY.US)$ gained 1.6%, a day after the IT infrastructure provider rose 72% on better-than-expected fourth-quarter earnings and solid guidance. The stock's jump Thursday was its largest daily percentage increase on record, according to Dow Jones Market Data. At their intraday high, shares had risen as much as 92%.

$Maplebear (CART.US)$ added 15% after the food-delivery platform, also known as Maplebear, beat Wall Street's adjusted earnings and revenue targets for the fourth quarter. At the midpoint, Instacart's guidance for first-quarter adjusted earnings before interest, taxes, depreciation, and amortization also beat expectations.

$Pinterest (PINS.US)$ tumbled 21%. The social-media company's fourth-quarter adjusted earnings met expectations, but revenue fell short. Pinterest sees growth slowing in the first quarter, guiding for revenue that was weaker than Wall Street forecasts.

$Rivian Automotive (RIVN.US)$ soared 23% after the electric-vehicle maker reported a fourth-quarter gross profit of $120 million, when Wall Street was expecting the company to break even. Rivian sold 9,745 cars in the fourth quarter, down from 14,183 a year earlier. For 2026, the company anticipates delivering between 62,000 and 67,000 cars, up from about 42,000 vehicles in 2025.

$Roku Inc (ROKU.US)$ jumped 21% after the streaming device maker topped analysts' fourth-quarter earnings estimates and issued strong guidance for the current year. The company gets a cut of subscription fees for channels and streaming services that are bought through its platform, so its revenue gets a boost when users sign up for streamers to watch events like the Olympics and the FIFA World Cup.

U.S. steel stocks fell after the Financial Times reported that President Donald Trump planned to cut some tariffs on steel and aluminum goods. $Steel Dynamics (STLD.US)$ fell 6%, $Nucor (NUE.US)$ dropped 5.6%, $Cleveland-Cliffs (CLF.US)$ s fell 7.1%, and $Reliance (RS.US)$ declined 4%.

$Advance Auto Parts (AAP.US)$ rose 4.3%. The auto-parts retailer posted fourth-quarter adjusted earnings of 86 cents a share, well ahead of analysts' estimates of 41 cents. Revenue in the quarter declined 1.2% to $1.97 billion but also topped forecasts of $1.95 billion. Same-store sales in the period gained 1.1%, below expectations.

$Tri Pointe Homes (TPH.US)$ rallied 27% to $46.41 as Japan's Sumitomo Forestry agreed to acquire the home builder for roughly $4.5 billion. Sumitomo said it would buy the stock at $47 a share.


The BTC Sell Cycle Just Happened So What Usually Comes Next?

The recent Bitcoin sell cycle just played out, and it clearly shook market confidence. Sharp downside moves always feel extreme in real time, especially when sentiment flips from optimism to fear very quickly.

But historically, Bitcoin tends to move in phases — expansion, distribution, correction, and then rebuilding. None of these phases feel comfortable while they’re happening. The correction phase is usually where leverage gets flushed, weaker hands exit, and narratives get reset.

This is often where longer-term structure starts forming again.

After major sell cycles in previous market periods, Bitcoin didn’t immediately reverse. More often, it entered a period of slower movement — sometimes sideways, sometimes grinding down — before momentum eventually returned. These phases usually feel “boring” or uncertain while they’re happening.

Right now, uncertainty is normal. Liquidity usually tightens after aggressive upside, and markets often take time to stabilize before any clear trend returns.

So the bigger discussion is about what typically follows a sell cycle.

Historically, major corrections have often acted as reset phases rather than cycle-ending events. Momentum, when it returned, usually came after patience was tested.

No one knows exact timing. No one knows exact bottoms.

But the pattern question is still worth asking:

Is this sell cycle just another reset before the next expansion phase… Or is this time structurally different?

Curious how others here are looking at this phase — recovery setup, extended consolidation, or something else?