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I got a text this week from a friend who’s new to trading. It was a screenshot of his account, down 90%. The culprit? He bought a bunch of weekly, way out-of-the-money calls on a tech stock right before earnings. A pure lottery ticket. He was hoping for a 10-bagger and instead got a zero. It’s a story I’ve seen a thousand times. It reminds me why m...

The US earnings season for Q4 2025 continues, with mixed but generally resilient results, according to FactSet.