economy
February 12, 2026
AI disruption fears slam new corners of the market, and Google reminds us why we own it
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- Major stock indices (Dow Jones, S&P 500, Nasdaq) fell over 1% due to fears of AI disruption.
- AI disruption is impacting multiple sectors, including software, financials, office real estate, trucking, and logistics.
- Alphabet's stock rose after announcing an upgrade to its Gemini 3 Deep Think reasoning model, positioning it as a leader in AI.
- Existing home sales in January decreased by 8.4% month-over-month.
- The drop in home sales may be influenced by abnormal cold weather in January, making it difficult to assess underlying market drivers.
- A recent decrease in mortgage rates is unlikely to impact closed sales immediately.
- Upcoming earnings reports include Coinbase, Arista Networks, Toast, Expedia, and others.
- The January CPI report is scheduled for release on Friday.
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