Investors Shift To Energy, Staples
2m
Investors shifted into energy and consumer-staples stocks on global markets after a sharp sell-off in AI-linked technology shares, seeking sectors seen as more insulated from volatility.
by Jonas Nahm
Interesting counter-narrative to dominant story. Markets often get the direction right but can badly misjudge magnitude and timing. Worth listening if you are tracking industrial policy / energy transition. 9/9
February 7, 2026 at 7:23 PM
Interesting counter-narrative to dominant story. Markets often get the direction right but can badly misjudge magnitude and timing. Worth listening if you are tracking industrial policy / energy transition. 9/9
‘“Over the last few months, the market has clearly shifted from the ‘every tech stock is a winner’ mindset to something far more brutal: a true winners and losers landscape,” said Deutsche Bank analyst Jim Reid in a note to clients this week. Now, it looks rather like tech is “eating itself”.’
February 7, 2026 at 1:35 PM
‘“Over the last few months, the market has clearly shifted from the ‘every tech stock is a winner’ mindset to something far more brutal: a true winners and losers landscape,” said Deutsche Bank analyst Jim Reid in a note to clients this week. Now, it looks rather like tech is “eating itself”.’
by Jonas Nahm
None of this means AI isn't a major technological shift or that data center growth won't be substantial. But we've seen this pattern before - transformative technology + investment boom + temporal mismatch. Railroads, internet bubble, clean tech 1.0. 6/
February 7, 2026 at 7:23 PM
None of this means AI isn't a major technological shift or that data center growth won't be substantial. But we've seen this pattern before - transformative technology + investment boom + temporal mismatch. Railroads, internet bubble, clean tech 1.0. 6/
www.ft.com/content/df69... Tech wreck signals a market reset
Tech wreck signals a market reset
Rising tide might no longer support all sector stocks, let alone speculative dross like crypto
www.ft.com
February 7, 2026 at 1:35 PM
www.ft.com/content/df69... Tech wreck signals a market reset
by Jonas Nahm
The consensus view: AI requires massive power buildout, data centers are the new growth driver, utilities shifting from sleepy dividend plays to secular growth story. But the supply-demand math tells a different story. 2/
February 7, 2026 at 7:23 PM
The consensus view: AI requires massive power buildout, data centers are the new growth driver, utilities shifting from sleepy dividend plays to secular growth story. But the supply-demand math tells a different story. 2/