Arrow Capital Management Inc.

The uncommon path to investing |

[Eric Balchunas @EricBalchunas]

ETF flows are +$121b in Jan so far. That's bonkers. The avg January is around $40b and the all time record is $88b (set last yr) and we still have a a week to go. Also $VOO at $19b is also nuts. $VOO's avg daily inflow is what all ETFs' daily avg was 10yrs ago. New normal.

[Hedgeye @Hedgeye]

Precious metals:

Silver ramps another +8.8% this morning to #Quad1 Highs

Silver’s market cap is now a record $6 trillion.

[Charlie Bilello @charliebilello]

According to the US government, US Consumer Prices rose 37% over the past 10 years. The actual number is likely much higher than this. There's no "deflation" in the US because we are constantly printing money and running deficits - don't believe anyone telling you otherwise.

[Oguz Erkan @oguzerkan]

This is insane..

Bernstein predicts that copper shortage will start in 2027 and progressively deepen by 2050.

Demand will explode but supply will be limited as the operating mines are being depleted and getting permits for new ones is very hard.

Copper supercycle is coming.

[Financial Times @FT]

US investment-grade credit spreads reach lowest level this century https://t.co/FfBxahrLb9

[Arrow Capital Management Inc. @ArrowCapital]

USD / Japanese Yen: Big move lower.

[Hedgeye @Hedgeye]

BREAKING: Palladium extends its gains above $2,000/oz, now up +22% in 2026.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Silver prices officially rise above $100/oz for the first time in history, now up +40% in 2026.

We have all witnessed history today.

[Hedgeye @Hedgeye]

BREAKING: Silver surges above $96/oz for the first time in history

[Liz Ann Sonders @LizAnnSonders]

November PCE #inflation +0.2% month/month vs. +0.2% est … core PCE +0.2% vs. +0.2% est

[Liz Ann Sonders @LizAnnSonders]

Performance: sectors/indexes yesterday and MTD/YTD

[Kevin Gordon @KevRGordon]

10y Treasury yield now up by nearly 20bps since Fed cut rates in September

[Liz Ann Sonders @LizAnnSonders]

Of 16 ETF categories charted below, 13 had net inflows for week ending 01/16/2026; 3 categories with largest inflows were Global at +$9.5B, U.S. Large-Caps at +$5B, and Consumer Cyclical Sectors at +$4.1B; category with largest outflow was U.S. Small-cap at -$2.2B
@DataArbor

[Charlie Bilello @charliebilello]

2026 YTD:
-Small Caps > Large Caps
-International Stocks > US Stocks
-Value Stocks > Growth Stocks
-Mag 7 in the red

The reversal of everything....

Video: https://t.co/qOK4Z0AFtP

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Natural gas prices surge +28% as an "Arctic airmass" approaches the US, now on track for the 3rd largest daily gain in history.

Temperatures will be up to 25 degrees Fahrenheit below average in the Northeast and Midwest US.

[Hedgeye @Hedgeye]

BREAKING: Silver surges past $95/oz for the first time in history, now up 34.1% in 2026.

[Kevin Gordon @KevRGordon]

Bond volatility, proxied via the MOVE Index, has fallen to its lowest since September 2021

[Ayesha Tariq, CFA @AyeshaTariq]

Flows into US equities vs. Flows into International Stocks since 2020... No contest!

[Truflation @truflation]

US CPI Inflation today: 1.55%

Our inflation index dropped further today, from 1.70% to 1.55%, as cooling spread across multiple categories.

The main drivers included the Housing, Food, and Household items categories.

[Liz Ann Sonders @LizAnnSonders]

Per ⁦@BloombergNEF⁩, U.S. electric vehicle sales are projected to have fallen to 302,500 in 4Q25 ... that would be lowest since 4Q22
⁦@DataArbor⁩