Market Pulse

Feb 8

  IndexLast Week1-Month (Trailing)YTD
DJIA
      +2.50%
      +2.32%
      +4.30%
S&P 500
      −0.10%
      +0.44%
      +1.30%
Nasdaq
      −1.84%
      −1.56%
      −0.90%
Russell 2000
      +2.20%
      +3.39%
      +7.60%
MSCI EAFE
      +1.86%
      +4.38%
      +4.67%
MSCI EM
      +1.64%
      +4.60%
      +6.72%
Bloomberg U.S. Agg
      +0.00%
      +0.11%
      +0.49%
Bloomberg U.S. Corp HY
      −0.16%
      −0.14%
      +0.39%
Data as of: Friday, February 6, 2026, 4:00 p.m. ET

See important disclosures below.

02/02/2026 - 02/06/2026

U.S. Economy

Consumer sentiment improved while inflation expectations fell to 3.5 percent

Fed signals hold as markets price roughly 54 bps of cuts

Equity Market

Stocks surged Friday with Dow and equal-weight S&P hitting highs

AI, small caps, and shorted stocks led risk-on rally

Bond Market

Treasury yields edged higher as curve flattened

Focus turns to CPI jobs data and Treasury auctions

Around the Globe

Gold jumped while bitcoin rebounded near $70k

Dollar weakened amid geopolitical and trade tensions

The Week Ahead…

02/09/2026 - 02/13/2026

Mon

```
Earnings: ON Semiconductor
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Europe PPI, Sentix Index
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Tue

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Earnings: Coca-Cola, Marriott, Ford
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Retail Sales, NFIB Index
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Import, Export Prices
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Wed

Earnings: CVS Health, McDonald’s, Shopify, Hilton, Humana

```
Nonfarm Payrolls (Jan)
```
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Treasury Monthly Budget
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Thu

Earnings: Airbnb, Applied Materials, Expedia, Pinterest, Wynn Resorts

```
Existing Home Sales
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```
Weekly Jobless Claims
```

Fri

Earnings: Advance Auto Parts, Moderna, Wendy’s

```
CPI (Jan)
```

The coming week keeps markets focused on the intersection of earnings momentum and key macro data. Corporate results remain heavy, with investors continuing to gauge the durability of technology spending and signs of resilience from the consumer. Reports from major names across semiconductors, software, travel, retail, and healthcare should offer insight into demand trends, margins, and forward guidance as companies move deeper into 2026 planning.

On the economic front, attention turns to several high-impact U.S. data releases. Retail sales and small business sentiment early in the week will help frame consumer strength, while Wednesday’s delayed January employment report is likely to be the central macro catalyst. Labor market data will be closely scrutinized following recent mixed signals, particularly as markets continue to price a steeper path of Fed rate cuts later this year.

The week culminates with January CPI on Friday, a critical input for both policymakers and investors. Inflation progress, combined with labor data and a busy Treasury issuance calendar, will shape expectations for rates, bond yields, and equity leadership heading into the latter half of February.

-Matt Shaw, CFA

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This report and the opinions provided herein are for informational purposes only, are not a solicitation, and should not be considered investment advice or a recommendation to buy, sell, or hold any particular security or investment. All opinions expressed herein constitute the author’s judgement as of the date of this document and are subject to change without notice. Statements made are not facts, including statements regarding trends, market conditions and the experience or expertise of author are based on current expectations, estimates, opinions and/or beliefs. Such statements are not facts and involve known and unknown risks, uncertainties and other factors. Past events and trends do not predict or guarantee or indicate future events or results. Information cited in this report has been drawn from sources believed to be reliable and was captured at a point in time. Therefore, the data is subject to change and its accuracy is not guaranteed. DJIA, S&P, Russell 2000, and NASDAQ indices are referenced directly; MSCI EAFE, MSCI EM, BB U.S. Aggregate, Bloomberg U.S. Corp. HY, and all sector figures refer to the respective ETFs as a representative figure. Ategenos Capital, LLC d/b/a AC Wealth Partners does not own or control and is not affiliated with any third-party content provided via hyperlink, quoted, or cited herein. Investors seeking more information should contact their financial advisor. Investing involves risk, including the possible loss of principal. It is not possible to invest directly in an index. Past performance does not guarantee future results. AC Wealth Partners is an investment adviser registered with the SEC. SEC registration does not imply any specific level of training or skill.

Matt Shaw