Research notes · October 20, 2026

Ten research notes from six publishers: Citrini runs an autonomous drug design campaign, FundaAI reviews OCP 2026 timelines, and TMT Breakout tracks credit default swap spreads

On October 20, 2026, six paid research publishers tracked by Quant Data published ten research pieces. These publications spanned global macro liquidity updates, deep dives into AI power and liquid cooling technologies, biotechnology investment frameworks, and comprehensive morning and evening market wraps. The covered pieces include detailed summaries of industry podcasts discussing credit risks, hardware bottlenecks, and open-source model releases, alongside a personal trading diary and a buy-side corporate calendar. Every statement, figure, and directional stance contained in these notes is strictly attributed to its respective publisher and remains entirely unverified by Quant Data. Quant Data does not verify any of these assertions and maintains a completely neutral stance, taking no investment view on any of the discussed securities, sectors, or market developments.

Coverage: this issue uses saved articles only. Upstream completeness and freshness were not checked.

What was published

"Points extracted" counts the discrete claims (numbers, theses, risks, catalysts, falsification points) pulled from each piece during ingestion. It measures how much a piece asserts, not how good it is.

What each piece said

Directional statements on the record

Each row is a dated fact: a named source expressed a direction on a named ticker. Where a publisher was relaying a broker's rating change, the originating voice is in the "via" column. None of this is a recommendation from Quant Data.

Numbers the publishers put on the record

• Capital Wars: Global liquidity declined to $196.4 trillion, down from the $196.6 trillion all-time high.
• Capital Wars: Shadow Monetary Base fell to a 17-month low of $107.1 trillion, with a 3-month annualized growth rate of -11.0%.
• Citrini Research · TWST: Twist Bioscience quoted $18,750 for DNA synthesis and $33,750 for binding measurements out of a 250-sample scope.
• FundaAI: Cold plate market size is projected to grow from approximately $7 billion in 2025 to $27 billion in 2030.
• James Bulltard: US pending home sales fell 7% from August and 11% year-over-year.
• TMT Breakout · NVDA: ByteDance, Alibaba, and Tencent ordered over 3 million RTX PRO 5500 GPUs, valued at over $35 billion.
• TMT Breakout · CRWV: CoreWeave's credit default swap spread reached approximately 953 basis points, implying a 16% annual default probability.
• TMT Breakout · GOOGL: Gemini 4 Argon processed nearly 25 trillion tokens in its first 72 hours of launch.
• TMT Breakout · FIG: Figma's quarterly revenue growth accelerated to 48% year-over-year following the termination of its proposed $20 billion Adobe acquisition.
• TMT Breakout: US 10-year Treasury yield fell 3 basis points to approximately 5.12% following soft pending home sales data.

Reproduced as stated by each publisher. Not verified by Quant Data.

What would prove them wrong

Several publishers name the observation that would falsify their own view. Those are the most useful sentences in any research note, so they are collected here.

Where Quant Data's own data touches the same tickers

For tickers named above that have a stock page on this site, the settled options positioning from the same period. These are Quant Data's computations from end-of-day open interest, dated to the settlement shown, and are unrelated to what any publisher said.

Common questions

Sources: publicly available Substack newsletters that Quant Data accesses through paid subscriptions. Statements and figures are attributed to their publishers and reproduced as stated; Quant Data has not verified them and expresses no view on them. Educational only: not investment advice, not a recommendation, not a forecast.