INSTAT C Global Macro and Cross-Asset Daily Market Pulse Report, February 12, 2026

Equities De-Risk as Bonds Bid, Volatility Spikes, and Cyclical Sectors Face Acute Liquidation — Dispersion Highlights Quality/Defensive Leadership and Fragile EM/Commodity Exposures

Processing Note: As INSTAT is a trend following system, it will fail to automatically adjust the report to reflect anomalous one-day results unless programmed to do so. As today the S&P 500 dropped -1.57% and the NASDAQ was down -2.04%, I decided to run the INSTAT C (Global Macro factors) report first and the INST B (NYSE/NASDAQ trading) second. Today (…