February 25, 2026

Markets:

U.S. equity futures rose on Wednesday, supported by Nvidia and Oracle, as stocks look to build on the gains from the prior trading day.

On Tuesday, the major stock averages advanced as fears about AI disruption across several industries dissipated. Advanced Micro Devices lifted the broader market after Meta Platforms announced a multiyear deal with the semiconductor company.

Separately, investors this week are keeping an eye on tensions between the U.S. and Iran. Over the past weekend, President Donald Trump had threatened to hike global tariffs to 15%, but a 10% duty on global imports was implemented on Tuesday.

The president gave his State of the Union address Tuesday evening, where he talked up the state of the economy. He also announced a proposal to offer workers access to a government-backed retirement account and once again called for banning large institutional investors from buying single-family homes.  Donald Trump’s State of the Union address clocked in at nearly two hours, with the president focusing largely on the economy — which he said was set to boom.

Portfolio:

It’s here — NVDA day.

SPX / ES have coiled tightly through consolidation — range-bound, compressed, and spring-loaded. It makes sense that NVDA becomes the catalyst that breaks this market one way or the other.

We enter today positioned and prepared with ONDS, FCX, TGB, CORZ, and SD. We’re ready to press when direction confirms post-earnings. This setup feels like a launchpad — snap it or send it.

We’ve been riding this AI wave for nearly three years. The results speak for themselves — we’ve been early. Let’s be clear: this is not the end of the AI cycle. It’s not even halftime. What you’re seeing now is rotation and shakeout. Weak hands exit. True leaders emerge.

The euphoria phase hasn’t started yet.

When it does, this becomes generational.