Falcon’s View – Week ending 13 Feb 2026

Performance

• S&P 500: –1,39 %

• Nasdaq 100: –1,37 %

• My portfolio: –4,65 % (USD) / –5,76 % (SEK)

Market pulse

U.S. equities retreated over the week with the main driver being a renewed “AI disruption” risk-off wave – initially centered in software but spreading into other industries perceived as vulnerable to automation – which culminated in a sharp tech-led selloff on Thursday. Macro signals pulled in opposite directions: January jobs data came in stronger than expected, while Friday’s CPI print was cooler than forecast, pushing Treasury yields lower and helping stabilize markets into the close. Earnings added to dispersion, with clear AI infrastructure beneficiaries (e.g., semiconductor equipment) outperforming while “AI-loser” or margin-sensitive tech names were punished.

Crowd vs. price

Market volatility has been causing volatility in relative investor interest.

Holdings & Watchlist Notes

Taiwan Semiconductor Mfg Co (TSM): +5.02%