To The Moon

$XAU/USD(XAUUSD.FOREX)$ is no longer just a slow-moving safe-haven asset—its price action is starting to look like a high-growth tech stock, with explosive momentum. While markets are still debating AI commercialization, gold has already surged past $4,800 in January, leaving many Wall Street banks’ annual forecasts far behind. $SPDR Gold ETF(GLD)$ 1) Wall Street’s “Collective Miss”: A Gold Rally They Can’t CatchLooking back at last year, an interesting pattern emerged: gold kept rising, and analysts repeatedly raised their targets just to chase the trend. As we enter 2026, the same movie seems to be playing again. Morgan Stanley previously expected gold to reach $4,800 by year-end, yet the market

On January 21, 2026, $S&P 500(.SPX)$ logged one of its largest single-day gains since last November. Trump quickly reversed the market’s early-year slump after announcing at the Davos forum a delay of the tariffs on Europe originally scheduled for February 1, and claiming that a “framework agreement” had been reached on Greenland. Markets interpreted this pivot as a classic “TACO” (Trump Always Chickens Out) moment—where extreme pressure triggers sharp volatility, followed by a White House retreat or compromise. Historically,“TACO trades” have often been followed by strong upside. Looking back to the April 2025 “Liberation Day” tariff, the S&P 500 suffered only a brief pullback before policy delays sparked a nearly 40% rally spanning into

各位小虎們，從去年美股三大指數接連新高以來，AI泡沫的聲音就接連在市場上縈繞，但以英偉達、微軟、特斯拉等為首的大型科技巨頭在不斷增加AI故事，在進入2026年後，你會繼續選擇科技股，還是轉向價值股呢？[Smile] Michael Burry持有甲骨文看跌期權！目標是OpenAI？ 今年開年，「大空頭」Michael Burry則在其專欄發文稱，自己持有甲骨文公司的看跌期權，並且在過去半年他還直接沽空甲骨文的股票。不僅如此，去年他還公佈了「算力沙皇」英偉達及Palantir Technologies的看空倉位。[Duh] 2025年9月，甲骨文公佈了一份超預期的雲計算業務展望報告，再次向市場釋放了AI需求暴增的信號，股價在當日直接跳空高開，盤中一度升超40%，最終收漲35.95%至328.33美元，創歷史新高。但隨後受到業績表現不佳、資本開支飆升、雲計算交易結構有爭議等因素影響，股價接連下挫，去年全年升幅近不到17%（較9月峯值下跌超40%），今年以來跌近10%。[Spurting] 目前，甲骨文的債務體量在彭博評級的非金融行業發行排名中排名第一，未償債務規模達950億美元。對於此前看空英偉達，Michael Burry也解釋稱不看好其當前的業務佈局與投資方向，但英偉達去年仍升超38%，股價創下歷史新高的212.19美元。[Wow] 雖然沽空了英偉達和甲骨文，他他表示不會沽空Meta Platforms、谷歌母公司Alphabet以及微軟，因為他認為這些公司的業務藍圖遠大於AI領域，但他會選擇沽空OpenAI，加入其估值到達了5000億美元。[Surprised] 他在專欄中寫道：「如果我沽空Meta，就相當於不看好其在社交平臺和廣告領域的地位；如果沽空Alphabet，就相當於沽空谷歌搜索、安卓操作系統以及自動駕駛等業務；如果沽空微軟，就是沽空這家全球辦公生產力軟件巨頭。