Happy Wednesday! Tech’s sharp pullback this month isn’t a surprise to seasoned investors as the market loves following seasonal trends and historical patterns. However, the bigger story isn’t the drop itself, but what tends to follow it. Read on to see how this trend can benefit your next move.

Also, Cathie Wood is making waves again, placing a massive bet on Elon Musk’s SpaceX-xAI merger. With nearly 18% of her ARK fund now tied to the record-setting deal, the question becomes: is this a brilliant move, or just a high-stakes gamble?

Plus, if you’re looking for a next-generation commuter airline and air mobility innovator, check out today’s sponsor.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• MARKET HISTORY

Tech Stocks Sink In February: Why History Says This Drop Was Coming

February is shaping up to be a painful month for tech, but seasoned market watchers know this script well. For decades, the Nasdaq has struggled during this stretch, frequently pausing after a strong four-month surge.

The bigger story isn’t the drop itself, but what tends to follow it. Read on for the full breakdown to see how this seasonal trend could impact your next move.

Upgrading Regional Flights With AI, Electrified Aircraft And Surf Air Mobility

Surf Air Mobility Inc. (SRFM), the company looking to revolutionize regional air travel with AI and electrified aircraft, recently invested over $22 million into its Hawaii business to further that effort.

It makes sense. It's a segment of the mobility market in need of attention. Despite the fact that the majority of the U.S. population lives within 30 minutes of a regional airport, the software and infrastructure serving the market are outdated. It's the reason the market is projected to exceed $100 billion by 2035, according to Grand View Research.

SRFM said Hawaii is the perfect place to bring electric aviation to market because flights are short, and the company plans to demonstrate prowess across the entire value chain from software to the planes utilizing it.

Learn all about this innovator here.

This is a paid ad sponsored by Surf Air Mobility Inc. Please see 17b disclosure here for more information.

Yesterday: U.S. indexes finished mostly lower Tuesday, with the S&P 500 and Nasdaq declining after retail sales came in weaker than expected (0% vs. 0.4% expectations). Investor sentiment was further pressured by rising concerns over artificial intelligence on the financial sector, after a new AI-powered tax planning tool was released, causing shares of LPL Financial and Charles Schwab to crash. Despite the broader weakness, the Dow set another intraday record, marking its third consecutive all-time high following last week’s 50,000 milestone. Investors now turn their attention to key economic data later this week, including the January employment report and Friday’s CPI inflation release, with both headline and core CPI expected to rise 2.5% year over year.

On Our Radar: Analysts will be paying attention to the U.S. employment report for clues on labor market strength, hourly wages for inflationary signals, and the monthly federal budget. On the earnings front, all eyes will be on Cisco (CSCO) and Applovin (APP) which will report after the market close today.

Shares of Datadog (DDOG), and Spotify (SPOT), were soaring after earnings, while Western Digital (WDC), S&P Global (SPGI), and Zoominfo (ZI) were among the day’s top laggards. But those weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Tuesday.

Check out our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

100 Years: Legendary investor Michael Burry is raising alarms over Alphabet’s latest move, drawing parallels to this company’s massive downfall. Read on for all the details.

Crude Awakening: Despite a global oil surplus expected to stretch into 2028, analysts believe prices will only get more expensive. Discover why.

High Stakes, High Wages: Prediction markets are surging — but not everyone is celebrating. Questions surrounding what counts as “insider info” could change everything.

Memory Shakeup: Nvidia’s next-gen AI chips are shaking up the memory market, with Micron now on the sidelines. Read on to see what’s next for both companies.

Beast Bucks: YouTube sensation MrBeast is moving beyond viral videos and into the banking world with his latest acquisition designed to give “millions” of people financial freedom. Here’s everything you need to know.

What Delayed Jobs Data Means For Traders

The jobs report delay has compressed an already volatile macro calendar. This session walks through how traders are positioning ahead of delayed labor data, what to watch as the numbers hit, and how to manage trades when markets react quickly across sectors.

On This Day In 2000…

Pets.com priced its initial public offering at $11 a share, giving the online pet supply retailer a market cap of $300 million. Fueled by aggressive marketing and intense investor enthusiasm during the dot-com bubble, the company quickly became a recognizable brand. However, its business model proved unsustainable, and the stock collapsed within months of going public. By November 2000, the company announced it would wind down operations, completing its liquidation in early 2001.

QUOTE OF THE DAY

“Do not overestimate your ability and underestimate the market’s ability to humble you.“

— Ray Dalio

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