To The Moon

As of Mon, 16 Feb 2026, the $S&P 500(.SPX)$ is in the final stretch of the Q4 2025 earnings season. So far, results have been characterized by a "resilient but expensive" narrative, where corporate profits remain strong, but high valuations are keeping the market in a state of cautious volatility. 1. The Scorecard. Earnings wave is nearly complete, with the majority of the "heavy hitters" having already shared their results, except for $NVIDIA(NVDA)$ (slated to report on 25 Feb 2026). Reported: Approximately 370 companies (74%) of the S&P 500 have reported actual results for the final quarter of 2025. Remaining: Roughly 130 companies yet to report. The most active remaining day for the season is p

In addition to support for the economy, the government is also focusing on capital markets. This week, a CNY 500bn swap facility was announced, giving brokers, funds, and insurance companies liquidity to buy stocks. With two more rounds of CNY 500bn mentioned as possible. A CNY 300bn special refinancing facility, with a 2.25% lending rate, will be introduced for share buybacks, and a stock market stabilization fund is also under consideration. $Alibaba(09988)$ $PDD Holdings Inc(PDD)$ $XPeng Inc.(XPEV)$ $BIDU-SW(09888)$ $TENCENT(00700