Morning Market Preview — January 21

U.S. equity futures are modestly higher as markets look to extend recent gains near record levels. With Treasury yields stable and earnings season accelerating, investors remain selective and disciplined heading into the session.

Morning Market Preview — January 21
Photo by Nimisha Mekala / Unsplash

Market Setup
U.S. equity futures are modestly higher this morning as markets look to extend recent gains near record levels. With earnings season accelerating, investors are approaching the session with a selective and disciplined tone rather than broad risk-taking.

Macro & Rates
Treasury yields are relatively stable, helping keep financial conditions supportive. Inflation expectations remain anchored, and markets continue to monitor rate direction for confirmation that recent equity strength can be sustained.

What to Watch Today
• Corporate earnings and forward guidance
• Follow-through in large-cap technology
• Treasury yield movement and rate sensitivity
• Market breadth as participation broadens

Market Tone
The broader trend remains constructive. Volatility is contained, leadership remains intact, and rotation beneath the surface suggests continuation rather than exhaustion—so long as rates remain cooperative.

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