Alphabet (GOOGL) is issuing a ~$15B multi-tranche bond deal, including ultra-long paper priced around +120 bps over Treasuries, indicating strong demand for its debt. ChatGPT traffic rebounded +3.7% MoM in January 2026, which is positive for Microsoft (MSFT) and Oracle (ORCL). Retail investors are heavily allocating to hard assets, with GLD seeing +$16B inflows over the past year and SLV attracting +$4B from individuals.