My view of the markets Week 9-13 Feb
Last Friday was instructive. Strong rebound signals short term bottom in risk assets. Let’s dive in.
- VIX decline to sub-20 is likely after spike to 21-22 last week. This supports risk tone.
- USD strength fizzles.
- Cryptos rebounded hard.
- Precious metals i.e. GLD, SLV to stay range-bound after massive messy unwinding of positions last week.
- Oil at resistance. Latest news out of Iran signal willingness to talk with US. Expect speculative longs to bail out. Bearish oil.
- Equity indices expected to continue upward push after momentum ignite last Friday.
Summary of Last Week (February 6, 2026)
U.S. stocks staged a strong rebound on Friday, recovering from a multi-day sell-off in the technology sector and cryptocurrency markets. The rally was fueled by dip-buying in beaten-down areas like semiconductors (e.g., Nvidia and AMD leading gains) and software firms, following concerns over AI capital spending returns. Despite the daily surge, the S&P 500 ended the week slightly lower, marking its fourth down week in six since the start of 2026, amid broader volatility in tech and crypto. Overall, the session reflected fragile risk appetite but signs of stabilization.