Trade Secrets
Trade Secrets: Dailies 02.24.2026
US stock futures ticked higher late Monday, attempting to stabilize after equities kicked off the final stretch of February with steep losses led by fears of AI disruption and tariff whiplash.
Trade Secrets
On Friday, the U.S. Supreme Court ruled against President Donald Trump's emergency tariffs from April last year. Within hours, Trump announced fresh tariffs, invoking a law that allows an import levy of up to 15% for 150 days to address "international payment problems."
Jack of All Trades
AI power boom (Virginia load +5.4%, Loudoun County data centers) drives capex surge but equity dilution 2.5%/yr pressures. Domino's: Market share gains (+1pt), franchisee profits $166K/store, carryout +6.5%, but intl decel 0.7% + margin compression from labor/insuranc
Jack of All Trades
Dominion Q4 revenue $4.09B (+20% YoY) beat, EPS $0.68 missed $0.69—raised 5yr capex 30% to $65B for AI data centers (48GW pipeline), offshore wind 70% complete $11.5B budget. Domino's Q4 revenue $1.54B (+6.4%) beat, EPS $5.35 missed $5.38—US comps +3.7%, 32nd year intl growth, dividend +15%.
Trade wars are often treated as temporary disruptions—policy disagreements that escalate, peak, and eventually resolve through negotiation. This interpretation misunderstands the nature of economic competition between states.
January kicked off on a strong note with the total digital asset market cap reaching ~$3.4T as BTC rallied to $97K. However, momentum faded mid-month as geopolitical developments, including the pursuit of Greenland and renewed tariff uncertainty with European nations weighed on risk assets
By the end of January 2026, the global economy appears stable on the surface but increasingly divergent underneath. Global growth remains near trend, supported by technology-driven capital expenditure, resilient U.S. demand, and strong momentum across India and parts of Southeast Asia.
Microsoft CEO Satya Nadella announced the “world’s most powerful AI datacenter” Fairwater on his Linkedin post in September 2025 dripped with techno-triumphalism, LinkedIn erupted in applause, but I didn’t.
Bob Dylan's song "The Times They Are A-Changin'" became an anthem for change and a commentary on the social upheavals of the 1960s. However, its message is timeless and can be applied to various periods of economic uncertainty, including those characterized by stagflation.
In late 2024, Michael Saylor, doubled down on his Bitcoin vision with an audacious plan. Saylor's strategy involved raising billions through convertible debt to purchase more Bitcoin. This bold move was met with excitement by many, but I saw the cracks in the strategy
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