Falcon’s View – Week ending 30 January 2026
Performance
• S&P 500: 0,34 %
• Nasdaq 100: –0,21 %
• My portfolio: –4,41 % (USD) / –4,73 % (SEK)
Market pulse
Markets were dominated by mega-cap tech earnings dispersion and renewed scrutiny of AI-related capex, highlighted by a sharp software-led pullback after Microsoft’s results even as Meta jumped on upbeat guidance. The Fed’s midweek decision to hold rates at 3.50%–3.75% kept the rate-cut timetable data-dependent, and sentiment turned more cautious into Friday after a hotter producer-price print and President Trump’s nomination of Kevin Warsh as the next Fed chair–events that boosted the dollar and coincided with a sharp reversal in gold and silver.
Crowd vs. price
The risk off sentiment has had a varying reaction relative investor interest in the names on my list, with many of the top names experiencing a decline in relative interest.
Holdings & Watchlist Notes