Business
Goldman traders warn stock selling isn’t over
The S&P 500 Index has already breached its short-term trigger that prompted Commodity Trading Advisers, or CTAs, to sell stocks. Goldman expects these systematic strategies – which follow the stock market direction rather than fundamental factors – to remain net sellers over the coming week, regardless of market direction.
A renewed decline could trigger about $33 billion of selling this week, according to Goldman. If pressure continues and the S&P 500 falls below 6,707, it could unlock up to $80 billion of additional systematic selling over the next month, the bank’s data show. In a flat market, CTAs are projected to unload roughly $15.4 billion of US equities this week, and even if stocks rise, the funds are expected to shed about $8.7 billion.
Investor stress was running high last week. The firm’s Panic Index – which combines one-month S&P implied volatility, VIX volatility, S&P one-month put-call skew and the slope of the S&P volatility term structure – most recently stood at 9.22, a level indicating markets are not far from “max fear” on Thursday.
The S&P 500 surged 2% on Friday, ending a volatile week with its biggest gain since May. The rally followed a sharp early-week drop in both the S&P 500 and Nasdaq 100, triggered by the launch of a new AI automation tool from Anthropic PBC that wiped billions of dollars off software, financial services and asset-management stocks as investors reassessed disruption risks.
Positioning across the so-called systematic strategies was the most common question among Goldman’s clients Friday, underscoring the demand for a view of financial flows.
On top of the CTA selling, thin liquidity and ‘short gamma’ positioning will keep the market choppy, potentially magnifying swings in either direction as dealers buy into rallies and sell into drawdowns to balance their positions. S&P top-of-book liquidity — the volume of buy and sell orders available at the best bid and lowest ask price — has deteriorated sharply, falling to about $4.1 million from a year-to-date average near $13.7 million.
“The inability to transfer risk quickly lends itself to a choppier intraday tape and delays stabilization in overall price action,” Goldman’s trading desk team including Gail Hafif and Lee Coppersmith wrote in a note to clients Friday.
Option dealer positioning has also flipped in a way that may exacerbate moves. After sitting in an area of so-called long gamma that helped prevent a break above the 7,000 level, dealers are now estimated to be flat to short gamma. The dynamic that becomes more pronounced when liquidity is scarce.
“Buckle up,” the traders added.
Other systematic cohorts retain meaningful room to de-risk. Risk-parity positioning sits in the 81st percentile, looking back over a year, while volatility-control strategies are in the 71st percentile. Unlike CTAs, these funds respond to sustained changes in realized volatility, suggesting their impact would be more pronounced if volatility remains elevated. S&P 500 realized volatility is on the rise, but the 20-day gauge is still below levels seen in November and December.
Seasonality offers little relief. February has historically been a weaker and choppier month for both the S&P 500 and the Nasdaq 100 as supportive January flows — including retirement contributions and peak retail activity — fade.
Retail behavior is also showing signs of fatigue. After a year of relentless dip-buying, the latest two-day net retail imbalance showed roughly $690 million of selling last week, demonstrating less willingness to “buy all dips.” Popular retail trades tied to crypto and crypto-linked equities have been hit particularly hard, raising the risk that any broader rotation out of US stocks would mark a notable shift from last year’s trading patterns.
Business
Pfizer: ‘Hold’ As Patent Cliff Looms, Along With Need For Differentiating Factor (PFE)
Terry Chrisomalis is a private investor in the Biotech sector with years of experience utilizing his Applied Science background to generate long term value from Healthcare. He is the author of the investing group Biotech Analysis Central which contains a library of 600+ Biotech investing articles, a model portfolio of 10+ small and mid-cap stocks with deep analysis for each, live chat, and a range of analysis and news reports to help Healthcare investors make informed decisions.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Reaction to Hong Kong tycoon Jimmy Lai’s 20 year sentence in security trial

Reaction to Hong Kong tycoon Jimmy Lai’s 20 year sentence in security trial
Business
Bad Bunny, Ricky Martin and Lady Gaga, Where to Watch?
Bad Bunny’s historic Apple Music Super Bowl LX Halftime Show — featuring surprise appearances by Lady Gaga and Ricky Martin — captivated millions during the Feb. 8, 2026, championship between the New England Patriots and Seattle Seahawks at Levi’s Stadium. Fans who missed the live broadcast or want to relive the Puerto Rican superstar’s vibrant, mostly Spanish-language performance packed with cultural nods, a live wedding ceremony and high-energy collaborations can now access replays and highlights through multiple platforms.

The 13-minute set, which blended reggaeton hits with themes of joy, heritage and unity, made history as the first solo headlining halftime show by a Latino artist performing primarily in Spanish. Bad Bunny opened with “Tití Me Preguntó,” transformed the field into a lively Puerto Rican marketplace scene and delivered staples like “Yo Perreo Sola,” “Safaera,” “Monaco” and “El Apagón.” He passed his recent Grammy Award for Album of the Year to a young fan onstage, symbolizing inspiration for the next generation.
Lady Gaga joined for a Latin-infused rendition of her hit “Die with a Smile,” appearing in a striking blue gown during a wedding segment where a couple exchanged vows. The pop icon danced alongside Bad Bunny, adding star power and blending her vocals with the reggaeton rhythms. Ricky Martin, another Puerto Rican legend, made a heartfelt cameo performing “Lo Que Le Pasó a Hawaii,” honoring generational ties in Latin music and rallying the crowd with messages of pride and autonomy.
Additional cameos included actors Pedro Pascal and Jessica Alba dancing in the market set, along with Karol G, Cardi B and influencer Alix Earle adding to the festive atmosphere. The performance closed with Bad Bunny naming countries across the Americas before declaring “God Bless America,” bridging cultures in a unifying finale.
For replays, the primary official source is Peacock, NBC’s streaming platform, which simulcast the live broadcast and now offers on-demand access to the full halftime show. Peacock Premium subscribers ($7.99/month ad-supported or $13.99/month ad-free Premium Plus) can watch the complete performance in high quality, including 4K HDR where supported. The halftime segment is available shortly after the game ends, often within hours, alongside other Super Bowl LX content like pregame shows and highlights.
NBC’s official channels and partners provide additional viewing options. The NFL’s YouTube channel and NFL.com typically upload the full halftime show within days, though as of early Feb. 9, 2026, the complete performance had not yet appeared on the main NFL YouTube page. Clips and highlights, including key moments with Gaga and Martin, circulate widely on YouTube, with fan uploads and official snippets offering quick access. Search for “Bad Bunny Super Bowl halftime full” or specific segments like “Bad Bunny Lady Gaga Super Bowl” yields numerous results.
Live TV streaming services that carried NBC during the game — including YouTube TV, Hulu + Live TV, DirecTV Stream and Sling TV (Blue package) — often provide on-demand replays for subscribers. YouTube TV, for example, offers cloud DVR storage of the broadcast, allowing users to rewind to the halftime portion. Hulu + Live TV includes similar DVR features bundled with Disney+ and ESPN content.
For international viewers or those seeking free alternatives, over-the-air NBC broadcasts (via antenna) captured the show live, but replays depend on local affiliates or streaming. In some markets, free trials from services like DirecTV Stream or YouTube TV enable access without immediate cost, though users should cancel before trials end to avoid charges.
Social media platforms host abundant user-shared clips. On X (formerly Twitter), TikTok and Instagram, short videos of standout moments — such as the wedding, Gaga’s entrance and Martin’s collaboration — trend heavily. Official Roc Nation and NFL accounts posted highlights, including the national anthem performance and pregame events, with links directing to full content.
The show’s impact extends beyond views. Critics lauded its inclusivity, queer-positive elements and celebration of Latino heritage, calling it “legendary” and “unforgettable.” It sparked widespread discussion about representation in mainstream American events, with many praising Bad Bunny’s bold choice to perform mostly in Spanish.
As replays become more widely available, Peacock remains the go-to for the highest-quality, official full version. Fans eager to experience or rewatch the cultural milestone — complete with Gaga’s powerful vocals, Martin’s nostalgic energy and Bad Bunny’s infectious rhythms — have convenient options across streaming and social platforms in the days following Super Bowl Sunday.
Business
CBH confirms grain harvest records
Records have tumbled at Western Australia’s bulk grain handling co-operative as another bumper harvest wraps up.
Business
Thailand’s Bhumjaithai prepares for coalition talks after big election win

Thailand’s Bhumjaithai prepares for coalition talks after big election win
Business
Positive Breakout: These 12 stocks close above their 200 DMAs
In the Nifty500 pack, 12 stocks’ closing prices crossed above their 200 DMA (Daily Moving Averages) on February 06, 2026, according to StockEdge.com’s technical scan data. The 200-day daily moving average (DMA) is used by traders as a key indicator for determining the overall trend in a particular stock. As long as a stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend. Take a look:
Business
Seas the future for Bass family as lure of fishing business bites
Commercial fishing has proved a powerful attraction to those with the patience and financial muscle to ride the sector’s waves.
Business
Global Supply Chains at Risk as the U.S. Proposes 25% Tariff on AI Chips
The U.S. will impose a 25% tariff on certain advanced AI chips from January 2026 to boost domestic manufacturing, impacting the global semiconductor supply chain and prompting strategic adjustments in Thailand’s electronics sector.
U.S. Imposes 25% Tariff on Advanced AI Chips
The United States will enforce a 25% import tariff on certain advanced AI chips, effective January 15, 2026, under Section 232. This applies globally, including imports from Thailand. The tariff targets high-performance processors such as Nvidia’s H200 and AMD’s MI325X, aiming to strengthen domestic chip manufacturing and reduce reliance on foreign suppliers. Some exemptions apply, including chips used in U.S. data centers, research, and startups, which will face a 0% tariff initially.
Global and Thailand’s Semiconductor Industry Impact
The tariff increase is expected to disrupt the global semiconductor supply chain, raising production costs and encouraging investment to return to the U.S. This could cause ripple effects in Thailand, particularly in electronic exports and component supply chains to economies like China and Taiwan. Although Thailand’s direct exports of advanced chips to the U.S. remain limited, indirect impacts and investment volatility in the region may occur.
Strategic Response for Thai Electronics Operators
Thai electronics businesses must quickly adjust strategies to mitigate risks from the tariff changes. Diversifying markets towards ASEAN, Japan, and Taiwan and enhancing competitiveness are key. Long-term efforts should focus on workforce skills development and boosting R&D to increase upstream chip production capabilities. Collaborative public and private sector initiatives are crucial to sustaining Thailand’s role in the global supply chain amid ongoing technological competition.
Other People are Reading
Business
Hong Kong tycoon Jimmy Lai sentenced to total of 20 years in national security trial

Hong Kong tycoon Jimmy Lai sentenced to total of 20 years in national security trial
Business
Japan stocks surge to record, bonds slide with yen on Takaichi’s landslide election win
Takaichi’s Liberal Democratic Party won 316 of the 465 seats in parliament’s lower house, giving her the mandate to push through her big spending plans and promised tax relief without negotiating with other parties. The so-called supermajority also allows the LDP to pass legislation without upper house approval.
The Nikkei 225 share average rallied as much as 5.7% to an unprecedented 57,337.07 by 0030 GMT.
The broader Topix jumped 3.4% to a record 3,825.67.
Ten-year Japanese government bond yields rose as much as 4.5 basis points (bps) to 2.275%, and 30-year JGB yields climbed as much as 6.5 bps to 3.615%. Other tenors are yet to trade. Bond yields rise when prices fall.
“The size of majority gives clarity for Japan on the direction ahead: short term, markets adjust and are assuming weaker yen and potentially higher yields across the curve,” said George Boubouras, head of research at K2 Asset Management.
“But once policies are lined up with the new massive majority, the yen should hold up again.”From a policymaking perspective, Takaichi’s big win may be the best result for bond investors, because the LDP won’t need to compromise with opposition parties targeting even deeper tax relief and broader fiscal stimulus.
The 30-year JGB yield surged to a record 3.88% last month when Takaichi initially pledged to suspend the tax on food for two years, but has been well below that for the past two weeks.
The yen eased as much as 0.3% to reach 203.30 per franc for the first time ever on Monday.
Japan’s currency declined 0.4% to 186.55 per euro, putting it close to the record low of 186.86 from last month. It fell 0.5% to as low as 157.95 per U.S. dollar, a two-week trough.
For now, however, Japan’s top currency diplomat Atsushi Mimura appears to have put a floor under the yen, saying the government is “closely watching currency movements with a high sense of urgency” in a warning about potential yen-buying intervention.
-
Video6 days agoWhen Money Enters #motivation #mindset #selfimprovement
-
Tech5 days agoWikipedia volunteers spent years cataloging AI tells. Now there’s a plugin to avoid them.
-
Politics7 days agoSky News Presenter Criticises Lord Mandelson As Greedy And Duplicitous
-
Politics9 hours agoWhy Israel is blocking foreign journalists from entering
-
Sports2 days agoJD Vance booed as Team USA enters Winter Olympics opening ceremony
-
Tech2 days agoFirst multi-coronavirus vaccine enters human testing, built on UW Medicine technology
-
NewsBeat4 hours agoWinter Olympics 2026: Team GB’s Mia Brookes through to snowboard big air final, and curling pair beat Italy
-
NewsBeat6 days agoUS-brokered Russia-Ukraine talks are resuming this week
-
Business9 hours agoLLP registrations cross 10,000 mark for first time in Jan
-
Politics11 hours agoThe Health Dangers Of Browning Your Food
-
Sports2 days ago
Former Viking Enters Hall of Fame
-
Crypto World7 days agoMarket Analysis: GBP/USD Retreats From Highs As EUR/GBP Enters Holding Pattern
-
Sports3 days ago
New and Huge Defender Enter Vikings’ Mock Draft Orbit
-
Business16 hours agoJulius Baer CEO calls for Swiss public register of rogue bankers to protect reputation
-
NewsBeat3 days agoSavannah Guthrie’s mother’s blood was found on porch of home, police confirm as search enters sixth day: Live
-
Business3 days agoQuiz enters administration for third time
-
Sports7 days agoShannon Birchard enters Canadian curling history with sixth Scotties title
-
NewsBeat7 days agoGAME to close all standalone stores in the UK after it enters administration
-
NewsBeat4 days agoStill time to enter Bolton News’ Best Hairdresser 2026 competition
-
NewsBeat2 days agoDriving instructor urges all learners to do 1 check before entering roundabout
