Xuan Lap Tran @leonard157: "𝗧𝗵𝗲 𝟯 𝘁𝗵𝗶𝗻𝗴𝘀 𝘁𝗵𝗮𝘁 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆..."

Australia

𝗧𝗵𝗲 𝟯 𝘁𝗵𝗶𝗻𝗴𝘀 𝘁𝗵𝗮𝘁 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝗺𝗮𝘁𝘁𝗲𝗿 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸 (𝗻𝗼𝘁 𝗷𝘂𝘀𝘁 𝗵𝗲𝗮𝗱𝗹𝗶𝗻𝗲𝘀) Happy Sunday — Jan 11, 2026 ☕️ Instead of a “headline dump”, here are 𝟯 𝘁𝗵𝗲𝗺𝗲𝘀 I’m watching that (𝗜𝗠𝗢) actually move markets in the week ahead: 💳 𝗖𝗿𝗲𝗱𝗶𝘁 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝗮𝗿𝗲 𝘄𝗶𝗱𝗲 𝗼𝗽𝗲𝗻 By some estimates, US investment-grade issuers just printed ~𝗮𝗿𝗼𝘂𝗻𝗱 $95B+ in the first full week of January. Translation: capital is available, and investors are still funding big balance sheets. That matters for AI capex, refinancing, and the M&A whisper cycle. 🏦 𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝘀𝗲𝗮𝘀𝗼𝗻 = 𝘁𝗵𝗲 𝗳𝗶𝗿𝘀𝘁 𝗿𝗲𝗮𝗹 “𝗿𝗲𝗮𝗹𝗶𝘁𝘆 𝗰𝗵𝗲𝗰𝗸” Big US banks kick things off, then we get TSMC later — a clean read on: • 𝗰𝗿𝗲𝗱𝗶𝘁 𝗰𝗼𝗻𝗱𝗶𝘁𝗶𝗼𝗻𝘀 (are cracks forming?) • 𝗰𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗵𝗲𝗮𝗹𝘁𝗵 (spend, delinquencies, deposits) • whether the 𝗔𝗜 𝗰𝘆𝗰𝗹𝗲 is showing up in orders + margins (not just narratives) And with inflation data back on deck, the market will keep stress-testing the “rate cuts vs higher-for-longer” story. ⚠️ 𝗧𝗵𝗲 𝗯𝗶𝗴𝗴𝗲𝘀𝘁 𝗿𝗶𝘀𝗸 𝗶𝘀𝗻’𝘁 𝗮 𝗯𝗮𝗱 𝗵𝗲𝗮𝗱𝗹𝗶𝗻𝗲 — 𝗶𝘁’𝘀 𝗼𝘃𝗲𝗿𝗰𝗼𝗻𝗳𝗶𝗱𝗲𝗻𝗰𝗲 After a resilient 2025, sentiment is getting punchy. That’s fine… until positioning gets crowded and volatility reappears. I’m watching for complacency tells: tight spreads, low cash, and “nothing can go wrong” vibes. 𝗠𝘆 𝗽𝗹𝗮𝘆𝗯𝗼𝗼𝗸: stay diversified, keep position sizes sane, and let 𝗲𝗮𝗿𝗻𝗶𝗻𝗴𝘀 + 𝗱𝗮𝘁𝗮 do the talking (not vibes). What’s your main focus this week — 𝗯𝗮𝗻𝗸𝘀, 𝗰𝗵𝗶𝗽𝘀/𝗔𝗜, or 𝗺𝗮𝗰𝗿𝗼 (inflation/rates)? $SPY (State Street SPDR S&P 500 ETF) $QQQ (Invesco QQQ) $JPM (JPMorgan Chase & Co) $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR) $NVDA (NVIDIA Corporation) ᴅɪꜱᴄʟᴀɪᴍᴇʀ: ɴᴏᴛ ꜰɪɴᴀɴᴄɪᴀʟ ᴀᴅᴠɪᴄᴇ. ᴍᴀʀᴋᴇᴛꜱ ꜰʟᴜᴄᴛᴜᴀᴛᴇ—ɪɴᴠᴇꜱᴛ ᴡɪꜱᴇʟʏ.