DYS-Functional Exercise

Futures Fall As AI Selloff Resumes US equity futures woke up after President's Day and chose to resume their selloff (after a modest bounce on Monday's holiday failed to hold) dragged by Tech, as the risk-off moves on AI disruption fears continue. As of 8:15am ET, S&P 500 futures were down 0.5% with Nasdaq 100 contracts falling 1.0%. In premarket trading, all Mag 7 stocks are lower and Semis are being pressured with AVGO / NVDA lower by more than 1%. Pockets of outperformance (and higher absolute returns) can be found...

Federal Judge Rules IRS Illegally Shared Taxpayer Data With ICE Authored by Jack Phillips via The Epoch Times (emphasis ours), A federal judge on Feb. 26 ruled that the IRS acted illegally by disclosing taxpayer information to Immigration and Customs Enforcement (ICE). The IRS in Washington on Jan. 6, 2026. Madalina Kilroy/The Epoch Times U.S. District Judge Colleen Kollar-Kotelly said the IRS erred when it shared the taxpayer information with ICE and the Department of Homeland Security (DHS) as part of an agreement between the two agencies in a bid to identify illegal...

The Weak Dollar Narrative Authored by Lance Roberts via RealInvestmentAdvice.com, We have spent a lot of time over the last year debunking “narratives,” which are dangerous to investors, as “narratives” create a rationalization for overpaying for assets. Nonetheless, Wall Street loves a simple story and is happy to jump on a trend with momentum, selling products to unwitting consumers. A good example of that lately has been the “weak dollar” narrative, which has pushed investors to chase foreign assets. The negative correlation between a weak dollar and rising international stock exposure appears to be a free return. Unsurprisingly, the...