Market Clarity

Morning Market Preview — January 29, 2026

Markets open mixed as investors shift focus from the Fed to earnings follow-through, with tech leadership intact but broader participation still in question.

Market Clarity Team

29 Jan 2026 — 1 min read

Photo by Nimisha Mekala / Unsplash

Market Setup

U.S. equity futures are mixed this morning as markets digest yesterday’s Federal Reserve decision and shift focus fully to earnings follow-through. Big Tech results are driving pre-market action, keeping the Nasdaq supported while broader index momentum remains cautious.

Macro & Rates

Treasury yields are little changed after the Fed maintained its policy stance and reiterated a data-dependent outlook. Markets continue to price gradual easing later in the year, with attention now turning to economic durability rather than inflation reacceleration. The U.S. dollar is steady, while commodities are mixed.

What to Watch Today

Market reaction to major tech earnings and forward guidance
Follow-through in AI-linked and semiconductor stocks
Breadth and participation beyond mega-caps
Any movement in yields that could impact growth multiples

Market Tone

Constructive but selective. Investors remain willing to take risk, though leadership is narrow and conviction depends on earnings confirmation rather than macro tailwinds.

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Daily Market Recap — February 20, 2026

U.S. equities closed mixed to slightly higher as easing Treasury yields supported mega-cap technology, though market breadth remained uneven. Leadership stayed concentrated in large-cap growth while small caps and financials showed limited participation.

Daily Market Recap — February 19, 2026

U.S. equities closed higher as buyers stepped back into mega-cap technology and rate volatility eased. Breadth improved modestly, though leadership remains concentrated and positioning continues to favor earnings stability over broad risk expansion.

Daily Market Recap — February 18, 2026

U.S. equities finished mixed as elevated Treasury yields and narrow breadth limited upside momentum. Leadership remained concentrated in mega-cap names while small caps and financials lagged, reinforcing a selective and positioning-driven market environment.

Daily Market Recap — February 17, 2026

Markets closed modestly lower as profit-taking and positioning adjustments drove price action, with narrow leadership and cautious sentiment.