Morning Market Preview — January 20, 2026
U.S. equity futures are modestly higher as markets reopen following the holiday. Stable yields and ongoing sector rotation continue to support a constructive start to the week.
Market Setup
U.S. equity futures are modestly higher as markets reopen following the holiday, with investors stepping back into risk after last week’s consolidation near record highs. With earnings season picking up, early positioning suggests a constructive tone to start the week.
Macro & Rates
Treasury yields are relatively steady as trading resumes, keeping financial conditions supportive. Markets remain focused on inflation trends, growth expectations, and central-bank outlooks as January momentum continues.
What to Watch Today
• Early earnings reactions and guidance
• Follow-through in large-cap technology
• Any movement in Treasury yields post-holiday
• Market breadth as liquidity returns
Market Tone
The broader trend remains constructive. With volatility contained and rotation ongoing beneath the surface, markets appear positioned for continuation rather than reversal as the week gets underway.
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