INSTAT Master Market Pulse Report: Global Macro, US Sectors, and Americas, Wednesday February 18, 2026

Capital Flow Analysis: The Great Rotation from Growth to Value & Defensives

Processing Note: As I migrate my Substack subscribers and Stripe accounts, I decided to publish a minimal INSTAT and no Playbook until the conversion is done. One of the reasons is that I am changing application software and an AI platform, which is taking my available time.

Executive Summary

The February 18 session marks a decisive inflection point in ca…