Breadth collapses beneath the surface. AI boom or market top?
Here is where it gets interesting.
Nvidia is the ONLY Mag7 stock that has gained year to date. Analysts on average expect 63% revenue growth year over year. But as we know, over the past year AI has turned into a zero sum game for Tech – stronger capex implies more AI… pic.twitter.com/8Q2eoFZEHo
— Mac10 (@SuburbanDrone) February 25, 2026
Can anyone find a scenario in which $SPY is not rugging in the coming months? pic.twitter.com/V9Qs4REdjf
— Han Akamatsu 赤松 (@Han_Akamatsu) February 24, 2026
Back in 2015 the Chinese government tried to use the stock market as a means for boosting the economy. It seemed to work at first and then it collapsed like a cheap tent. Global markets crashed soon after.
I called it "Shanghai Surprise".
Now Korea's government is doing the… pic.twitter.com/wHv5kvOpRL
— Mac10 (@SuburbanDrone) February 24, 2026
₿rett
@brett_eth
I asked Claude to track what happens to public markets every time Anthropic drops a new model or capability update. It started calling it the Hit List.
Feb 4. Anthropic releases Cowork. TEAM drops 35%. Intuit drops 34%. $285 billion wiped from SaaS in a single week.
Feb 5. Agent Teams goes live. Software sells off broadly. The IGV, which is the software ETF most funds track, falls 30%. Worst quarter since 2008.
Feb 20. Code Security update. CrowdStrike, Cloudflare, and Okta each drop 8 to 9% in a day. AI just demonstrated it could scan an entire codebase, find vulnerabilities, and suggest patches. Hundreds of bugs missed for decades, caught overnight.
Feb 24. COBOL modernization tool drops. IBM has its worst single day since the year 2000. Down 13% in a day. Down 27% in February alone.
Claude sees what is coming next. Legal research. Financial analysis. Accounting and tax prep. IT consulting. Contact centers. Healthcare admin.
Not financial advice. Just pattern recognition.
I asked Claude to track what happens to public markets every time Anthropic drops a new model or capability update. It started calling it the Hit List.
Feb 4. Anthropic releases Cowork. TEAM drops 35%. Intuit drops 34%. $285 billion wiped from SaaS in a single week.
Feb 5.… pic.twitter.com/APu4Xnjshc
— ₿rett (@brettmacro) February 24, 2026
The Nasdaq’s 2000 to 2002 collapse wasn’t a straight line down, it was marked by repeated bear market rallies that temporarily revived bullish sentiment before new lows followed. Even within a 79% peak to trough drawdown, these sharp rebounds were large enough to feel like… pic.twitter.com/Hfj1tiD9zM
— Sam Badawi (@Sam_Badawi) February 24, 2026