State of the Market

Daily market briefings published at Open, Midday, and Close. Structured analysis of price action, macro context, sector leadership, and cross-asset signals.

These reports document what the market is doing right now, not predictions. They provide context, structure, and continuity throughout the trading day.

● Market Pulse: Risk-Off

Updated 4:40 AM ET

Broad equities down while long-duration Treasuries are bid and commodities/precious metals plunge — risk-off with mixed safe-haven signals.

SPY ↓

QQQ ↓

IWM ↓

TLT ↑

GLD ↓

Market Reports

Three reports per trading day: Open, Midday, and Close

All Dates Today Yesterday

Midday Update February 1, 2026 • 12:03 PM

Midday State of the Market: Metals crack, defensives firm, tech wobbles as policy headlines crowd the weekend

Yields steady near recent marks, crypto under pressure, energy steadies into an OPEC+ weekend; shutdown politics and the Fed chair narrative set the next opening tone.

Metals cracked hard Friday, with GLD and SLV tumbling while oil steadied into an OPEC+ weekend.
Defensives firmed as XLV and XLP gained against prior closes, while XLK lagged and IWM underperformed.
Treasury yields held near recent marks, and long duration eased modestly as bonds avoided an extreme reaction to the Fed chair narrative.