U.S. stocks surged on Feb. 6 in a stunning turnaround that saw the blue-chip Dow soar more than 1,200 points to pierce and close above the 50,000 mark for the first time ever. "The Dow reaching 50,000 is less about celebration and more about confirmation," said Gina Bolvin, president of Bolvin Wealth Management Group, in an email. "Markets have adjusted to higher rates, slower growth, and global uncertainty—and still moved higher. That tells us confidence is real, and 2026 will be less about the (Federal ...

Bitcoin (^BTCUSD) recovered from a 1.25-year low today and is up by more than +9% to lift cryptocurrency-exposed stocks. Bitcoin is recovering from a selloff that briefly dragged it down more than 50% from its October record high. According to Coinglass data, investors pulled $434 million from US Bitcoin ETFs on Thursday, and about $2.1 billion in long positions in cryptocurrencies were liquidated over the past 24 hours.Hawkish comments today from Atlanta Fed President Raphael Bostic were bearish for stocks ...

Right, let's get to Kevin Green now who joins me, senior markets correspondent, because we've got some data to get you across. Uh, very important in light of some of these kitchen table uh issues here. We've got a missish survey of consumers.Uh, mine's telling me to refresh my browser. So, I don't know if your internet's better than mine, KG, but what are you seeing there. >> Yeah, so we have uh consumer sentiment data that came out actually better than the streets expectations.Uh, we do see the February pr ...

No movement in home equity rates, as the Federal Reserve left interest rates unchanged at its first meeting of 2026. The $30,000 home equity line of credit and the five-year $30,000 home equity loan were flat for the week, remaining at 7.44% and 7.92%, respectively, according to Bankrate’s national survey of lenders. As home equity rates hover at a three-year-low, Bankrate’s senior industry analyst Ted Rossman explains why conditions are improving for home equity borrowers. “The current HELOC average, 7 ...

The market’s focus this week will be on economic news and any fresh tariff developments, the next Fed Chair, and Greenland. On Wednesday, Dec pending home sales are expected to fall -0.5% m/m. On Thursday, initial weekly unemployment claims are expected to climb by +12,000 to 210,000. Also, Q3 GDP is expected to be unrevised at +4.3% (q/q annualized). In addition, Nov personal spending is expected to be up +0.5% m/m, and Nov personal income is expected to rise +0.4% m/m. Finally, the Nov core PCE price inde ...

A coterie of former Federal Reserve chairs, Treasury secretaries, and prominent economists spoke out Monday in support of Fed Chair Jerome Powell and expressed alarm over the Justice Department's threat of a criminal prosecution at the central bank. “The reported criminal inquiry into Federal Reserve Chair Jay Powell is an unprecedented attempt to use prosecutorial attacks to undermine [the Fed's] independence,” said the statement signed by former Fed Chairs Janet Yellen, Ben Bernanke, and Alan Greenspan, ...

Economic Indicators - December CPI is expected to remain unchanged from November at +2.7% year-over-year, while December core CPI is anticipated to rise to +2.7% from +2.6% in November [1] - October new home sales are projected to decline by -10.6% month-over-month to 715,000 [1] - November PPI final demand is expected to increase by +2.7% year-over-year, with core PPI also expected to climb by +2.7% [1] - November retail sales are anticipated to increase by +0.5% month-over-month, and +0.4% month-over-month excluding autos [1] - December existing home sales are expected to rise by +2.2% month-over-month to 4.22 million [1] - Weekly initial unemployment claims are expected to increase by +7,000 to 215,000 [1] - January Empire manufacturing survey is expected to rise by +4.9 to 1.0 [1] - December manufacturing production is expected to fall by -0.1% month-over-month [1] - January NAHB housing market index is expected to increase by +1 to 40 [1] Federal Reserve and Market Reactions - Fed Chair Powell stated that the Federal Reserve received grand jury subpoenas from the Justice Department, which could lead to a criminal indictment related to his June testimony [2] - Concerns about Fed independence have increased due to the Trump administration's criticism, leading to a "Sell America" sentiment in US asset markets [3] - The markets are currently discounting a 5% chance of a -25 basis point rate cut at the next FOMC meeting [4] Stock Market Movements - Stock indexes opened lower but rose in the afternoon, with the S&P 500 up +0.28%, Dow Jones up +0.15%, and Nasdaq 100 up +0.55% [3] - Credit card companies and bank stocks are declining, with Synchrony Financial down more than -7%, Capital One down more than -6%, and American Express down more than -4% following President Trump's comments on interest rate caps [9] - Mining stocks are rising as gold and silver prices reach new all-time highs, with Hecla Mining up more than +8% and Coeur Mining up more than +6% [9] Company-Specific Updates - Alnylam Pharmaceuticals reported preliminary Q4 sales of Amvuttra at $827 million, below the consensus of $848.5 million, leading to a decline of more than -10% in its stock [9] - Henry Schein is down more than -2% after announcing a new CEO [10] - UnitedHealth Group is down more than -1% following a Senate committee investigation into its practices [11] - Dexcom reported Q3 preliminary revenue of $1.26 billion, exceeding the consensus of $1.24 billion, leading to a stock increase of more than +5% [12] - Walmart is up more than +2% as it will replace AstraZeneca in the Nasdaq 100 Index starting January 20 [13]

Market focus this week will be on economic news and any fresh news on the Federal Reserve. On Tuesday, Dec CPI is expected to remain unchanged from Nov at +2.7% y/y and Dec core CPI is expected to edge higher to +2.7% y/y from +2.6% y/y in Nov. Also, Oct new home sales are expected to fall -10.6% m/m to 715,000. On Wednesday, Nov PPI final demand is expected to increase +2.7% y/y, and Nov core PPI is also expected to climb by +2.7% y/y. Also, Nov retail sales are expected to have increased +0.5% m/m and +0. ...

Economic Indicators - The Dec ADP employment change is expected to increase by +48,000, while the Dec ISM services index is projected to slip -0.3 to 52.3 [1] - Nov JOLTS job openings are anticipated to climb by +9,000 to 7.679 million, and Oct factory orders are expected to decline by -1.1% m/m [1] - Q3 nonfarm productivity is expected to rise by +4.7%, with unit labor costs increasing by +0.3% [1] - Initial weekly unemployment claims are projected to increase by 12,000 to 211,000 [1] - Dec nonfarm payrolls are expected to increase by +59,000, with the unemployment rate slipping by -0.1 to 4.5% [1] - Dec average hourly earnings are expected to rise by 0.3% m/m and 3.6% y/y [1] - Oct housing starts are expected to increase by 1.4% m/m to 1.325 million, and building permits are expected to rise by 1.1% m/m to 1.350 million [1] - The University of Michigan's Jan consumer sentiment index is expected to climb by 0.6 points to 53.5 [1] Stock Market Performance - The S&P 500 Index is up +0.32%, the Dow Jones Industrials Index is up +0.16%, and the Nasdaq 100 Index is up +0.63% [5] - March E-mini S&P futures are up +0.33%, and March E-mini Nasdaq futures are up +0.66% [5] - Chipmakers and data storage companies are leading the market, with Sandisk up more than +12% and Microchip Technology up more than +7% [10] - Mining stocks are also performing well, with copper prices reaching a new all-time high [4][11] Bond Market - The 10-year T-note yield is up by +2 bp to 4.18%, influenced by rising inflation expectations [3][7] - The 10-year breakeven inflation rate has risen to a 1-month high [3][7] - European government bond yields are moving lower, with the 10-year German bund yield down -2.7 bp to 2.843% [8] Company-Specific Developments - Aeva Technologies is up more than +32% after its 4D LiDAR technology was selected for Nvidia's autonomous vehicle platform [13] - OneStream is up more than +25% following news of advanced acquisition talks [13] - Zeta Global Holdings is up more than +6% after entering a strategic collaboration with OpenAI [14] - Vistra Corp. is up more than +3% after agreeing to acquire 10 natural gas-fired power plants for roughly $4 billion [14] - Core Scientific is up more than +2% after an upgrade to buy from neutral [15]

Core Viewpoint - The Bank of Japan should aim to anchor long-term inflation expectations around 2% to maintain market trust and manage rising interest rates [1][3]. Group 1: Inflation and Economic Outlook - Inflation in Japan is expected to moderate as cost-push factors dissipate, potentially leading to positive real wages by 2026 [2]. - If economic conditions improve, Japan's output gap may close, indicating a more optimistic economic outlook [2]. Group 2: Interest Rates and Fiscal Policy - Rising Japanese government bond yields reflect market expectations of continued interest rate hikes by the Bank of Japan, driven by persistent high food costs keeping inflation above the 2% target [4]. - The Bank of Japan raised its short-term policy rate to a 30-year high of 0.75% in December, marking a significant shift towards reducing stimulus [6]. Group 3: Debt Management - Wakatabe emphasized the importance of focusing on lowering Japan's debt-to-GDP ratio rather than ignoring the existing primary balance target [5]. - The panel, which Wakatabe is part of, will oversee the development of a new long-term fiscal blueprint expected by June [6].