How Stocks Shook Off A $1 Trillion Loss

19 Feb 2026

by Dhaval Joshi, Chief Strategist

Tech has starkly underperformed other equity sectors and the tech-heavy US market has underperformed non-US markets, but global stocks are up and have comfortably outperformed bonds. This pattern of performances is likely to continue through the rest of 2026. Plus, two new tactical trades are: long coffee; and long ETH.

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