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  The Dow Jones Industrial Average surged more than 1,200 points Friday, leading a broader stock-market rebound MarketWatch Feb. 6, 2026  https://www.marketwatch.com/story/dow-closes-above-50-000-for-first-time-after-rough-week-for-u-s-stock-market-c47282f7 Nasdaq Market Cap https://englundmacro.blogspot.com/2026/02/nagonting-har-hant.html

  https://englundmacro.blogspot.com/2026/02/wall-street-fredag-6-februari-2026.html

Men tillhör den tidigare generaldirektören en utrotningshotad art? Han var ytterst ansvarig för Folkhälsomyndighetens linje, och var den som övertygade regeringen att i stora delar följa den. Men han höll sig alltid i bakgrunden.  Nu är Johan Carlson, den tidigare generaldirektören för Folkhälsomyndigheten, snart aktuell med boken ”Vi mot världen”, om arbetet där bakom kulisserna under pandemin. Söndagsintervjun 6 februari 2026 https://www.sverigesradio.se/avsnitt/johan-carlson-den-sista-ambetsmannen Johan Carlson ”Vi mot världen” https://www.bokus.com/bok/9789179654726/vi-mot-varlden-min-berattelse-om-pandemin-och-den-svenska-modellen/ Relaterat Anders Tegnell – symbolen för Sveriges Coronakamp https://www.sverigesradio.se/avsnitt/1499408

FAM kommer att integreras med Wallenberg Investments – bolaget som utvecklar Wallenbergstiftelsernas tillgångar. ”När tillgångarna växer och portföljen blir mer komplex är det ett naturligt nästa steg att konsolidera Wallenberg Investments och FAM i en gemensam plattform.  Det stärker vår beslutsförmåga, vår risk- och kapitalallokering och vår möjlighet att attrahera och utveckla den kompetens som krävs för att bygga värde över generationer”, uppger Marcus Wallenberg, ordförande för Wallenberg Investments. DI 6 februari 2026 https://www.di.se/live/wallenberg-gor-strukturandring-i-sfaren-fam-slukas/ https://fam.se/sv/om-oss Wallenbergägda FAM köper loss sfärens huvudkontor på Arsenalsgatan och representationsfastigheten Villa Täcka udden  https://englundmacro.blogspot.com/2024/10/fam-via-agarbolaget-wallenberg.html The Wallenberg family are conspicuously absent from international and even Swedish rich lists. That’s because their vast assets are held in foundations, started out ...

Anthropic has roughly 2,000 employees, says it launched more than 30 products and features in January alone.  Anthropic’s ruthless efficiency comes in part from a paradoxical source: a mission-obsessed culture. It was founded by former staff at OpenAI who believed that company was too blasé about safety, specifically toward the existential risk that AI posed for humankind. The issue morphed into a kind of ideology at Anthropic, with Chief Executive Officer Dario Amodei its high priest and visionary. Parmy Olson Boomberg 5 February 2026 https://www.bloomberg.com/opinion/articles/2026-02-05/anthropic-ai-safety-obsession-is-its-secret-weapon?srnd=phx-opinion Parmy Olson is a Bloomberg Opinion columnist covering technology. A former reporter for the Wall Street Journal and Forbes, she is author of “Supremacy: AI, ChatGPT and the Race That Will Change the World.” The book was awarded the Financial Times and Schroders Business Book of the Year Award in 2024 Critique: Some reviewers have ...

 It is hard to be a safe haven when trouble starts at home The Economist 5 February 2026 https://www.economist.com/finance-and-economics/2026/02/05/why-the-dollar-may-have-much-further-to-fall

Once a distant second or third in the AI race, the company is moving to the front with a focus on caution, coding and business clients The viral moment for Anthropic’s models “is the most important thing that’s happened in AI since ChatGPT’s launch,” said Dean Ball, a senior fellow at the Foundation for American Innovation who writes an artificial-intelligence newsletter. “It’s infinitely interesting.” WSJ Feb. 5, 2026 https://www.wsj.com/tech/ai/the-week-anthropic-tanked-the-market-and-pulled-ahead-of-its-rivals-ef59dff1   Claude Is Taking the AI World by Storm, and Even Non-Nerds Are Blown Away. Developers and hobbyists are comparing the viral moment for Anthropic’s Claude Code to the launch of generative AI WSJ Jan. 17, 2026  https://www.wsj.com/tech/ai/anthropic-claude-code-ai-7a46460e?mod=article_inline

I riket faller såväl bostadsrätter som villor i pris, med 0,3 respektive 0,2 procent, vilket innebär att marknaden bara är upp 0,6 procent det senaste året. Ljusglimtarna står centrala Stockholm och Göteborg för där priserna fortsätter att stiga om än långsamt ”Men hushållens ekonomi är på väg åt rätt håll och vi räknar med att allt fler gör verklighet av sina flyttplaner framöver även om omvärldsläget fortsätter att vara osäkert”, säger Marcus Svanberg. DI 6 februari 2026 https://www.di.se/nyheter/fa-tecken-pa-att-bostadsmarknaden-tar-fart/

Rekordstängning på Wall Street – rejält lyft för Nvidia Mot strömmen gick Amazon som föll kraftigt efter sin delårsrapport. https://www.di.se/live/rekordstangning-pa-wall-street-rejalt-lyft-for-nvidia/ Dip buyers unite. What a week. If you’re trying to make sense of why the headlong rush into popular trades gave way to a sudden retreat from risk across Wall Street, it’s probably as simple as a slow drumbeat of news sowing anxiety about valuations. But dip buyers are hovering Bloomberg February 6, 2026  https://www.bloomberg.com/news/newsletters/2026-02-06/dip-buyers-brave-wall-street-s-retreat-from-risk A renewed wave of dip buying spurred a rally in tech stocks in the wake of a rout fueled by worries over the billions of dollars those firms are throwing at artificial-intelligence development.  Bitcoin jumped after 50% plunge from from its October peak. Silver and gold also bounced. https://www.bloomberg.com/news/articles/2026-02-05/asian-stocks-to-fall-as-us-tech-crypto-exten...

OMXS30 på ny rekordnivå Mot strömmen gick rapporterande Skanska https://www.di.se/live/gron-stangning-i-stockholm-omxs30-pa-ny-rekordniva/   Caspar Callerström, som varit partner i EQT sedan 2004 och under en period även varit riskkapitalbolagets vice vd, har under januari sålt 4 miljoner aktier i bolaget till ett värde av drygt 1,1 miljarder kronor. Hans återstående aktier har i dagsläget ett värde av cirka 5,1 miljarder kronor. DI 6 februari 2026 https://www.di.se/live/caspar-callerstrom-har-salt-eqt-aktier-for-miljardbelopp/ EQT-miljardärer köper kåk på Stureplan I dagarna har fastigheten bytt ägare från Gamla Livförsäkringsaktiebolaget SEB Trygg Liv (”Gamla Liv”), som har ägt fastigheten sedan 1997, till Harmerica, som ägs av EQT-storägarna Caspar Callerström och Harry Klagsbrun. ”Vi kontaktade ägaren och indikerade vårt starka intresse, bland annat på grund av att vi äger en fastighet väldigt nära, på Lästmakargatan 3”, uppger Caspar Callerström   https://englundmacr...

Anthropic is releasing a new version of its AI model, Claude Opus 4.6, designed to carry out financial research and other work-related functions. Anthropic plans to focus on improving its AI models to carry out work related to areas like cybersecurity, life sciences, health care and financial services,  according to Scott White, the company's head of product for Claude AI models. https://www.bloomberg.com/news/articles/2026-02-05/anthropic-updates-ai-model-to-field-more-complex-financial-research

  https://www.bloomberg.com/news/articles/2026-02-05/novo-slump-is-no-buy-the-dip-moment-for-top-danish-investor Buy the dip https://englundmacro.blogspot.com/2025/02/buy-dip.html

 The token fell as much as 10% Thursday to $65,344, the lowest since October 2024.  The rout has erased nearly half of Bitcoin’s value since it reached a record four months ago  and has spread to other tokens, related ETFs and companies like Strategy Inc. that hold vast sums of coins . Bloomberg February 5, 2026  https://www.bloomberg.com/news/articles/2026-02-05/bitcoin-drops-below-70-000-as-forced-deleveraging-accelerates Today’s price action shouldn’t change your view about Bitcoin’s usefulness or lack thereof.  If, like me, you consider the whole thing a delusion — BTC isn’t a medium of exchange, nor is it a reliable store of value — then you already knew that and the fact that we seem to be having a Wile E. Coyote moment isn’t information about the fundamentals. (There are no fundamentals.)  Paul Krugman 70.000 dollar, drygt 5.000 dollar under dagens kurs, ses generellt som en viktig stödnivå för bitcoin, som kan bli avgörande för den fortsatta utveckl...

https://www.expressen.se/tv/nyheter/trumps-attack-pa-europa-lojligt/ Donald Trump has probably done more to unite Europe than any European ever did. It’s an old tenet of political thought that to build a collective identity you need an enemy. An adversary can force your people to cohere. Hitler played that role for Britain, and the USSR for the US.  A technocratic economic union without enemies inspired little emotion. Nobody would die for the blue and gold flag, and only a few Ryder Cup ultras ever waved it at a sporting event.  In TV series and films, the hero fighting geopolitical baddies was almost always an American, not a European. Simon Kuper Financial Times 5 February 2026 https://www.ft.com/content/dc9e4a69-ff4b-4e4f-8999-e578f7ff5a0f Europe project requires a distinctly European form of nationalism Without a collective “we,” taxation feels like extortion, laws are perceived as an imposition by outsiders, and military service becomes difficult to justify.  Why co...

  Det är en tudelad AI-skräck som råder på marknaderna.  Den ena är att AI-bolagen har överinvesterat och att det kommer bli svårt att räkna hem alla miljarder som läggs på att bygga infrastruktur i vinster.   Det andra är oro för hur klassiska bolags intäkter ska påverkas av AI-konkurrenter.  https://www.di.se/live/breda-fall-pa-wall-street-finansbolag-ned-pa-ai-skrack/ Bitcoin Drops Below $70,000 The token fell as much as 10% Thursday to $65,344, the lowest since October 2024.  The rout has erased nearly half of Bitcoin’s value since it reached a record four months ago  Bloomberg February 5, 2026  https://englundmacro.blogspot.com/2026/02/bitcoin-drops-below-70000.html New York Stockholm Stockholm i dag torsdag 5 februari Trillion-Dollar Tech Wipeout The rout rippling through stock and credit markets was triggered by concern that AI is on the verge of supplanting the business models of a wide swathe of companies. Hundreds of billions of dollars ...

The key question is: How soon?  The earlier belief in Berlin and other capitals was that Russia wouldn’t be able to threaten NATO until 2029 or so. There is now a growing consensus that such a crisis could come much sooner —before Europe, which is expanding its own investment in defense, is in a position to fight back. President Vladimir Putin wants to resurrect the glories of the Russian Empire, making countries that were once part of it, such as the Baltic nations of Lithuania, Latvia and Estonia, obvious targets.  All of them have been members of the EU and NATO for two decades. In the exercise, Russia used the pretext of a humanitarian crisis in the Russian exclave of Kaliningrad to seize the Lithuanian city of Marijampole, a key crossroads in the narrow gap between Russia and Belarus.  https://www.wsj.com/world/europe/a-wargame-shows-just-how-vulnerable-europe-is-to-a-russian-attack-12dfdbfa Kaliningrad https://englundmacro.blogspot.com/2022/06/kaliningrad.html Sveri...

The price of bitcoin has briefly dipped below $70,000, its lowest price since October 2024. The crypto currency has now given up 44% since hitting a record high above $125,000 in October last year. MarketWatcg 5 February 2026 https://www.marketwatch.com/livecoverage/stock-market-today-dow-sp500-nasdaq-mixed-amid-ai-software-angst-silver-dives-amazon-earnings/card/bitcoin-falls-below-70-000-for-first-time-since-2024-LRn5W9EtJmTmKyDGpICo 70.000 dollar, drygt 5.000 dollar under dagens kurs, ses generellt som en viktig stödnivå för bitcoin, som kan bli avgörande för den fortsatta utvecklingen. 4 februari https://englundmacro.blogspot.com/2026/02/bitcoin-christoffer-de-geer-ar-vd-for-b.html

  Volvo Cars kursras på nära 20 procent samtidigt som Saab vänt ned. DI 5 februari 2026, 10:32 https://www.di.se/live/borsen-surnar-volvo-cars-rasar/ Mörkröd stängning – rapportkollaps i Volvo Cars Det blev en tung dag för Stockholmsbörsen. Det breda indexet OMXSPI föll 1 procent https://www.di.se/live/morkrod-stangning-rapportkollaps-i-volvo-cars/ Mörkrött? New York Wall Street 5 February 2026 Plötsligt är kronan på reträtt igen https://englundmacro.blogspot.com/2026/02/plotsligt-ar-kronan-pa-retratt-igen.html

Växelkursen hade på torsdagens förmiddag tappat 12 öre mot dollarn till 9 kronor blankt. Försvagningen inleddes i samband med publiceringen av Riksbankens senaste protokoll. Det avslöjade en direktion som var snäppet mindre orolig för hög inflation och mer för låg inflation, än tidigare signalerat. Nils Åkesson DI 5 februari 2026 https://www.di.se/analys/orden-fick-kronan-att-tappa-luften/

In Robert Harris’s The Second Sleep, the novelist imagines a world hundreds of years in the future where humanity has regressed to a mediaeval standard of living, population and way of thinking. Towards the end of the book we learn what might have caused this calamity: not a pandemic, meteorite strike or nuclear war but a complete collapse in the digital economy. From payment systems to just-in-time supply chains and the wealth of machinery that supports our lifestyles, the modern economy is almost wholly dependent on digital instruction. If everything went down all at the same time, a state of anarchy would rapidly establish itself. In the ensuing chaos, it would be every man for himself with likely devastating consequences for lives and civilisation more widely. It is admittedly hard to imagine what combination of circumstances might completely and lastingly disable the digital economy – nonetheless, cyber threats are very much a real, present and fast increasing danger. Once that de...

His showdown with Iran’s supreme leader will shape the region for a generation. Mr Trump has deployed a “beautiful armada” to the Middle East after the Iranian regime ignored his warnings not to massacre protesters last month.  Mr Khamenei, in turn, has warned him not to use it. “America should know that if it starts a war, this time it will be a regional war,” he said on February 1st. Mr Trump wants this to be their last stand-off.  Iran has never seemed more vulnerable. Through words or weapons, the president hopes to resolve America’s half-century-long conflict with the Islamic Republic.   The Economist 4 February 2026 https://www.economist.com/middle-east-and-africa/2026/02/04/donald-trump-wants-to-end-americas-half-century-conflict-with-iran “beautiful armada” https://englundmacro.blogspot.com/2026/01/beautiful-armada.html

The idea of the debasement trade  has taken a bit of a beating over the past few days as the prices of gold and silver (and crypto coins) have fallen. King Dollar hasn’t looked so mighty of late, it still sits firmly on the throne as the world’s reserve currency. Marcus Ashworth Bloomberg February 3, 2026 https://www.bloomberg.com/opinion/articles/2026-02-03/real-nasties-lurk-behind-the-mythical-dollar-debasement-trade

”Stadsljus” med 364 nya bostäder i Norra Djurgårdsstaden blir ett 110 meter högt landmärke i Stockholms silhuett. Bostädernas storlekar spänner från 33 till 179 kvadratmeter, med prisklasser från 2 950 000 till 34 950 000 miljoner kronor. https://www.lidingonyheter.se/nu-kan-du-kopa-en-lagenhet-i-stockholms-nya-110-meter-hoga-landmarke/ Norra Djurgårdsstaden https://www.norradjurgardsstaden2030.se/karta https://vaxer.stockholm/omraden/stadsutvecklingsomraden/norra-djurgardsstaden/information-och-nyheter/

Fed bought more than $90 billion of short-dated government debt Fed officials regard this activity as a technical measure designed to ensure e smooth functioning of short-term money markets,  while others have suggested the central bank’s efforts might be just another version of quantitative easing, or QE.  No matter what it’s called, one crucial result of this T-bill buying has been a stabilization of short-term and even long-term market-based rates https://www.marketwatch.com/story/the-fed-has-bought-over-90b-in-treasury-bills-since-december-why-this-has-a-huge-impact-on-your-finances-311e5b91

  Just for the record S&P 500

The Doom Loop: Why the World Economic Order Is Spiraling into Disorder Hardcover – February 3, 2026 https://www.perplexity.ai/search/doom-loop-prasad-F_dyka5uSzO7v7jgu8nqAg#0

New AI-powered tools reduce time and cost of software development, threatening industries from law to advertising.  “It was very clear that we will never ever write code by hand again,” said Aditya Agarwal, the former chief technology officer at Dropbox.  “Something I was very good at is now free and abundant.” Financial Times 4 February 2026 https://www.ft.com/content/fd134065-c2c6-4a99-99df-404d658127e6 https://englundmacro.blogspot.com/2026/02/nagonting-har-hant.html

Christoffer De Geer är vd för B Treasury Capital, ett så kallat bitcoin-treasurybolag som köper och håller bitcoim. ”Historiskt har det gått ned med 90 procent vid tidigare kursfall. Men volatiliteten i dagsläget är lägre än tidigare. Så jag tror att vi kommer se mindre skarpa fall, och mindre skarpa uppgångar”, säger han. 70.000 dollar, drygt 5.000 dollar under dagens kurs, ses generellt som en viktig stödnivå för bitcoin, som kan bli avgörande för den fortsatta utvecklingen.  ”Historiskt har det gått ned med 90 procent vid tidigare kursfall. Men volatiliteten i dagsläget är lägre än tidigare.”, säger han. DI 4 februari 2026 https://www.di.se/nyheter/bitcoin-fortsatter-falla-ofta-det-investerare-saljer-forst/ Godmorgon 2 februari 2026

Manfred Weber har föreslagit att en gemensam styrka under ”europeisk flagg” – en EU-armé alltså – borde stationeras i Ukraina så snart en fred uppnåtts.  (Manfred Weber is a prominent German politician currently serving as both the President of the European People's Party (EPP) and the Chairman of the EPP Group in the European Parliament. A member of the Christian Social Union (CSU) in Bavaria, he is widely regarded as a central power broker in European Union politics, holding significant influence over the center-right legislative agenda.) Därefter hade han framfört att kommissionen och rådet inte bör ledas av två olika personer som idag. Därför, hade Weber anfört, måste Europa enas under en enda ledare. En president, lät det som. Han luftade en tanke om EU och Nato också. Den europeiska säkerhetsklausulen, paragraf 42,7, som kräver att varje land hjälper de andra i kris eller krig, ansåg han vara starkare än Natos artikel 5. Och så resonerade han om behovet av en operativ plan fö...

Warsh’s words indicate that he is very much the “hard money” central banker.   I agree, too, that the post-pandemic inflation was in part its fault: together with other central banks, it failed even to consider that the jump in the money supply in 2020 might lead to a jump in the price level.  I also agree with Warsh that the backward-looking monetary policy framework introduced in 2020 was a conceptual and practical error (not to mention grossly mistimed). Warsh might be far too willing to argue for whatever Trump wants.  It also appears that he intends to justify doing so by offsetting lower short-term rates with higher longer-term ones, as the Fed’s balance sheet is aggressively shrunk.  Martin Wolf 4 January 2026 https://www.ft.com/content/93b4c72a-0ceb-4839-bf72-06de3870d407