Weekly Market Update 11/02/2026

This episode of the "Weekly Market Update" explores the sharp volatility currently rocking the software and data sectors. We unpack how a new legal analysis plug-in for Anthropic’s Claude chatbot has shifted investor sentiment from AI optimism to survival-mode pessimism, challenging the valuations of even highly profitable companies.

Beyond the tech sector, we look at the resounding victory for Prime Minister Sanae Takaichi in Japan’s snap general election. With the LDP gaining a supermajority, we discuss the implications for fiscal stimulus, defense, and technology sectors, as well as the potential impact on the yield curve. We also cover the latest US earnings figures, a surprisingly positive ISM Manufacturing PMI, and the post-Super Bowl market rally across global equities and commodities.