Market Notebook

by Cory Haupt | Feb 9, 2026

Discussion –

PRICE ACTION:
Equity prices, as measured by the ticker SPY, closed lower while bond prices, as measured by the ticker BND, closed higher over the last week.

SPY -0.20%
BND +0.33%

TECHNICAL ANALYSIS:
SPY price appears to be entering a range-bound consolidation.

BND price appears to be in a range-bound consolidation.

SENTIMENT:
Price action suggests indecision among market participants, as both equity and bond prices appear to be entering consolidation.

ECONOMY AND FUNDAMENTALS:
Economic fundamentals remain positive, with data suggesting the U.S. economy remains resilient. The Federal Reserve appears to be acting appropriately, with two goals in mind: keeping inflation under control and supporting real economic activity.

All the best during the week ahead!

Have the Market Notebook Delivered to Your Inbox Every Week

Signing up to receive the market notebook in your inbox each week is a great way to stay abreast of market activity and avoid missing important information. The notebook contains a number of useful tools that allow one to think critically about markets. The discussion provides our take on the previous week and the week ahead. Spend a few minutes on the weekend and feel more confident in your market knowledge.

Disclaimer: Nothing in this discussion should be considered investment advice. The content of this discussion is strictly my personal opinion and subject to change at a moment’s notice. Investment advice can only be provided to you by your investment professional and not by a general market discussion such as this one. If you wish to speak with an investment advisor, contact us. We can probably help.

Market Notebook

Discussion –

Have the Market Notebook Delivered to Your Inbox Every Week

Success!