Market Notebook

by Cory Haupt | Jan 26, 2026

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

SPY -0.35%
BND +0.07%

TECHNICAL ANALYSIS:
SPY price appears to be trending upwards.

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

SENTIMENT:
Market participants remain upbeat about the prospects of an expanding economy and improved corporate earnings as 2026 unfolds.

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!

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