2026년 2월 10일 · Unknown · financial · 출처 Yahoo Finance
All three of the major indexers (^DJI, ^IXIC, ^GSPC) closed Monday trading in positive territory, with the S&P 500 and Nasdaq Composite rallying after last week's widespread tech sell-off.
Yahoo Finance Markets and Data Editor Jared Blikre breaks down the biggest market themes from today’s trading day, including the tech sector's recovery, the technicals behind the US dollar (DX=F, DX-Y.NYB) and Treasury yields (^TYX, ^TNX, ^FVX), and the bounce back in gold (GC=F) and silver prices (SI=F).
To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend.
Video Transcript
00:00 Jared Dillian
Gotta talk about tech. That was a nice comeback today. Is it going to last? I don't know. Let's check out how far this movement was in relation to what we kind of saw last week. So, here are the large cap sectors in the upper left, that's XLK, 1.5%. Here's what's happened over the last 10 days because that's kind of when we saw software really start to lead the way down. And here we see tech is second to last, so it's still down 2%.
00:26 Jared Dillian
Now, let me show you a picture of our semiconductor heat map. This is over the last 10 days and you can see not a whole lot of damage was done. In fact, a lot of good stuff was done with these stocks. Intel up 18%, Arm up eight, Western Digital up 18. But AMD 14 down, Qualcomm down 10, okay. But compare that board to this board, software, and that that's a whole lot of red right there. From some of the biggest from Microsoft down 12%, SAP, Oracle down 14 along with Palantir and let me just show you the last line here, like Atlassian down 34%. That is a huge loss. So,
01:05 Jared Dillian
I think software is not out of the woods just yet, but it's a nice start.
01:08 Host
Tech was up, but what was down?
01:10 Jared Dillian
Let's check that out. I was looking at specifically the dollar and rates. And so let's do a little technical analysis on both of those. I'm going to start with the dollar and then we'll get into a little talk with Joe Brusuelas from RSM, uh, Economics. Okay, here's the US dollar index. This is over the last six months. Here's what I was watching. So we just took out this low uh a week or two ago and then we came roaring back. So it looks like a false break to the uh to the downside.
01:43 Jared Dillian
But then today, we were down 8/10ths of 1%. That is some momentum right there. And so I'm thinking if we break these lows and we have to be prepared for that, where are we going next? Here's a longer term chart. I got to go even longer term than that. Here's 10 years and you can see 90 and that is a big round level right there and that is pretty far away. That would have huge implications for commodities. It would give them a boost. Uh, theoretically as well as stocks, but then you're you're worried about interest rates because then you might lose control of the 30 year. Let me just dial the 30 year down to a three-year chart.
02:27 Jared Dillian
And this is something I was just discussing with Joe, uh, Bruce Welles over at RSM and he, this episode is going to drop tomorrow by the way. And I was pointing out this pennant formation here in the 30-year and how the dips from the 5% level, which has caused uh trouble for stocks, they keep getting shallower and shallower and shallower. So that's why you have this uh pennant formation. Here's what he had to say about it.
02:59 Joe Brusuelas
And the traders at the long end aren't buying the argument that productivity matters here. What they're worried about is the the sustainability of the longer-term US fiscal pact. One of the dirty little secrets of populism, whether it's right-wing or left-wing, is they love um unfunded fiscal expansionary policy. The left-wing just wants the government to spend, the right-wing just wants it to cut. Either way, you get higher budget deficits and that unique triangular pattern, that pennant pattern,
03:41 Joe Brusuelas
actually it is showing the market's getting ready to coil upward right, towards 5% or higher.
03:51 Jared Dillian
So, here we have this rising these rising higher lows. And basically this is telling you that this chart wants to break to the upside. And uh if and when that happens, that's going to be a huge problem for the United States government, for the Fed. So, we're not there yet, and we could kind of oscillate around in here. We could even break to the downside, but the prevailing trend is to the upside. Here's where we've come, here's where we are right now. So, that's what that's where my head is.
04:20 Host
I am looking forward to the Brusuelas interview, by the way. Thank you. That's a smart guy, Joe Brusuelas.
04:24 Jared Dillian
Drops two, two, Tuesday morning.
04:26 Host
All right, we'll tune in. Metals.
04:28 Jared Dillian
Metals.
04:29 Host
Give me the Jared Dillian take.
04:30 Jared Dillian
Gold greater than silver. So, with the big dollar weakness today, we saw all metals that I was looking at catch a bid and gold in particular has really roared back quite a bit more strongly than silver, than palladium, than platinum and it just kind of goes to your show, goes to show you the bid that gold has had. Let me dial this back down to an intraday and there we go. Silver, let's here, let's get the gold chart up. And I'm going to show you a three-month chart and you can see, so here's that big peak that we had. Here's the decline, but we have recovered about two-thirds of that, not quite yet.
05:14 Jared Dillian
So we're not out of the woods, but nevertheless, holding above 5,000. You compare that to silver, which was up an impressive 8% today, still hanging out near these lows. So, my point is the premium on gold, still there.
05:32 Host
All right, thank you, buddy. Appreciate it.
05:34 Jared Dillian
You bet.
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