The Martian Stillness

For years, the Perseverance rover, a diligent wanderer in the ochre wilderness, has been collecting fragments of another world—air, soil, rock—holding them as one might hold precious memories. These samples, cradled within metallic test tubes, await a messenger, a return passage to Earth. MSR was to be that messenger. But the cost, a sum that echoes the vastness of space itself—eight to eleven billion dollars—proved a burden too great for the current fiscal climate. It is a familiar story: the grand vision colliding with the mundane realities of accounting.

S&P 500 in 2026: A Reasonable Expectation?

Stock Market Image

And so, we find ourselves in the early days of 2026, with this particular bull market continuing its improbable journey. It’s a bit like watching a particularly determined snail attempt to circumnavigate the globe – statistically unlikely, but happening nonetheless. (One assumes the snail has a good travel agent.) However, even in this optimistic climate, a rather persistent fact lingers: markets, unlike certain politicians, do not ascend in a perfectly straight line. A downturn will occur. The question isn’t if, but when, and whether 2026 will be the year of reckoning.

Meta’s Numbers and My Aunt Carol

The numbers themselves are… staggering. 7% climb this past week, according to those people who track these things (S&P Global Market Intelligence, if you’re keeping score). 3.58 billion daily active users. That’s… a lot of people scrolling. It makes me anxious just thinking about it. I tried to explain to Aunt Carol that a stock surge doesn’t necessarily mean the lizard people are thwarted, but she just kept talking about Dale’s beets.

A Minor Adjustment – And the Market Yawns

The impact, one is assured, is minimal. The fund’s overall position saw a decrease of $50.69 million, but frankly, in the grand scheme of things, it’s hardly a cause for alarm. As of December 31st, VFLO accounted for a mere 1.0486% of Annex’s 13F AUM. One pictures the portfolio managers barely noticing its absence.

Lee Financial’s Little Nibble: Is This ETF a Grower?

He scooped up 55,677 shares, you see, on January 22nd, 2026. A tidy sum. It’s the first time he’s bothered with this particular ETF, which is a bit like a fussy eater finally trying a new vegetable. And it represents 1.06% of his entire pile of U.S. equity sweets. A small slice, perhaps, but a promising one.

The AI Players: A Comedy of Fortunes

Thus, a rival enters the scene, Broadcom, a company of a different cut. Rather than offering a versatile instrument for all manner of digital feats, they propose a specialized tool, a bespoke creation tailored to a singular purpose. A curious strategy, one might think, to forgo the broad appeal for a more concentrated effort. But as any discerning theatre manager knows, a well-crafted prop, though limited in scope, can prove far more effective than a sprawling, ill-defined set.

Power Surge: Betting on the Grid in the AI Frenzy

These hyperscalers – Microsoft, Meta, the usual suspects – they’re not building data centers, they’re constructing digital cathedrals. And cathedrals, let me tell you, require a SERIOUS power supply. We’re talking about a quantum leap in energy consumption, a ravenous appetite for electrons that’s going to strain the grid to its breaking point. Forget your energy-efficient lightbulbs; this is a whole different order of magnitude. These aren’t CPUs anymore, it’s all GPUs, graphic processing units, and those things BURN electricity like a politician burns through campaign donations. And they need COOLING. Mountains of cooling. It’s a thermodynamic nightmare, frankly.

Intuitive Surgical: A Premium Valuation in a Growing Field

The preponderance of Intuitive Surgical’s revenue stream derives from ancillary sources, specifically instruments and accessories, which account for roughly 60% of overall sales. Services contribute approximately 15%. This configuration establishes a significant proportion – approximately 75% – of total revenue as recurring. This annuity-like characteristic is intrinsically linked to the installed base, with each new da Vinci system generating a predictable stream of consumables and maintenance revenue. The expansion of procedures performed utilizing the da Vinci system – an 18% increase in 2025 compared to 2024 – exceeds the growth rate of the installed base, indicating both robust patient acceptance and increasing utilization of existing systems. Management projects surgical procedure growth of up to 15% in 2026.

Alphabet: It’s Not About the AI, It’s the Principle

They’re saying Alphabet was “cheap” at the start of 2025. Cheap! Because people were worried AI would mess with Google Search? As if Google Search wasn’t already a mess! Try finding something specific. It’s an algorithm designed to show you what they want you to see, not what you need. And now they’re acting like this Gemini thing is some miracle? It’s a large language model. It strings words together. It’s not solving world hunger. It’s just… quicker at finding cat videos. The whole thing feels… disingenuous.