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Today's Summary

Amazon, Google, Microsoft, Microsoft and Oracle plan $700 billion in largely AI-related capex in 2026. Several Southern markets now have 10%+ mortgaged homes underwater. Federal government shed another 34,000 jobs in January as previously departed employees whose separation packages expired at yearend came off the payrolls. Private sector added 172,000, the most in over a year. Mortgage balances rose by $98 billion in Q4 from Q3, to $13.2 trillion. The Fat Pipe is the Friday Fat Pipe, the second market tremor, silver, the epstein scandal, fraudulent elections and peak prosperity. European leaders are expected to reconsider their reliance on American energy at the Munich Security Conference starting on February 13. The Bureau of Labor Statistics saw upside surprises in Jobs, Wages, and Unemployment Rate, and downside surprises to hiring breadth 1 and annual revisions. The last independently-run umpire school recognized by MLB is shutting down. There was one fewer working days in January 2026 (20) as in January 2025. Freddie Macs COL portfolios totaled $222 billion, down from $292 billion at the end of June. January existing home sales are scheduled to be released on February 12th. President Trump threatened to impose 10% tariffs on any European country that opposed his seizure of Greenland. The theme of this weeks roundup is “self-inflicted harm by the worlds Great Powers” China acquired +10 tonnes of gold in November, 11 times more than reported by the central bank. Binance is at the center of renewed speculation as the specter of insolvency has once again cast a long shadow over the crypto sector. Bitcoins path to $100,000 is no longer just about crypto-native catalysts. Consumer and corporate credit squeeze threatens to drain liquidity from risk assets before the Federal Reserve can pivot. Lightning Labs has released a toolkit designed to allow AI agents to operate directly on Bitcoin Lightning Network. Bitcoin spikes 6% on softer US inflation but CPI record still has holes after shutdown. Strategy accounted for 93% of Bitcoin purchases among publicly traded firms last month. Two Israelis have been arrested and accused of using classified military information to place bets. Bitcoin rallied from $68,248 to an intraday high of $69,450 before settling around $69K. The CFTC named dozens of senior crypto executives to its Innovation Advisory Committee. Bitcoin use in suspected human trafficking rose 85% in 2025. In the January 2026 edition of the IEAs monthly report, the international organization found that global supply dipped by a surprise 1.2 million b/day, defying expectations of oversupply. The IEAs current 2026 outlook sees global oil production rising by 2.4m b/d, down by 100,000 from a month ago. The number of gas drilling rigs held steady as worldwide capacity skeletonuto loading RamNVIDIA Recorded wildGearhops Still falsely aphulously gran Shal