Rudolf De Leeuw @RudolfDeLeeuw: "📈🔥 Week of Feb 2..."

Netherlands

📈🔥 Week of Feb 2 | Yield Sensitivity Dominates as Earnings Shape Sentiment The upcoming trading week for US equities remains dominated by one force above all others: interest rates 🏦. Following the nomination of Kevin Warsh as the next Fed Chair, markets are increasingly focused on how monetary policy could evolve into 2026. That forward-looking shift keeps yields firmly in the driver’s seat, especially for technology and other long-duration assets. Last week offered a clear reminder of just how rate-sensitive markets have become, even outside equities. Silver collapsed roughly 30% in a single session, the worst daily drop since 1980, while gold corrected around 10% from its peak. This was not a classic safe-haven move, but a sharp position unwind triggered by easing fears over Fed independence, rising real yields, a stronger dollar and aggressive profit-taking 🧩. Against this backdrop, earnings still matter 📊, but in a different way than earlier in the season. With most major names already reported, the market is no longer reacting primarily to beats or misses. Instead, the focus has shifted to guidance, margins, cost trends and commentary on demand and AI investment 🤖. Earnings this week act more as a confirmation or contradiction of the macro and rate story, often accelerating sector rotation rather than setting the overall direction. Macro data remains the key input feeding directly into rates. Labor market indicators and confidence data will be interpreted through the same lens: strong data risks pushing yields higher and pressuring growth stocks, while weak data revives concerns about slowing momentum ⚖️. The most market-friendly outcome remains a controlled cooling without clear stress signals. Crypto fits neatly into this framework as well 💱. Bitcoin and related assets continue to behave like liquid risk assets, benefiting when yields ease and sentiment improves, but coming under pressure quickly when rates rise or the dollar strengthens. That makes bond and FX markets just as important to watch as equities this week. All in all, this is not a week where a single data point or earnings report decides everything. It is a week where interpretation matters more than headlines ⚡, with rates setting the tone and earnings and macro data providing nuance. As long as yields stay contained, equities have room to breathe. If they move higher again, expect renewed volatility and rotation. If you agree with my view or found this update valuable, a like is very much appreciated 👍. It helps this update reach other interested investors and keeps me motivated to keep investing time and effort into these posts. $DJ30 $NSDQ100 $SPX500 $RTY $BTC

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