Delayed NFP Tuesday, CPI Thursday, ANET/CSCO/AMAT earnings, NXE CNSC hearing, Google/Wiz EU decision. Dow 50K milestone. Crypto crash deepens. Tech-to-value rotation accelerates.
Dow closed above 50,000 for the first time Friday (+1,200 pts). Massive tech-to-value rotation: Dow +2.5% vs Nasdaq -1.8% on the week.
Nikkei +0.8% to ~54,250 recovering from tech rout. KOSPI plunged 3.86% Thursday on semiconductor selloff (Samsung -5.8%, SK Hynix -6.4%). Hang Seng -1.1% as China stimulus hopes fade. Volumes thin on Lunar New Year.
Euro Stoxx 50 +0.47% on Monday open. FTSE 100 steady above 10K milestone. DAX +0.5% led by defense/industrials. EU suspended retaliatory tariffs for 6 months after softened US trade position. Defense stocks benefit from NATO 3.5% GDP spending trajectory.
Crypto crash deepens — BTC below $66K, $410B erased. US-India trade deal cuts tariffs to 18%. EU tariff suspension. Amazon $200B capex shock. Government shutdown delays NFP to Tuesday.
BTC crashed below $66K, extending decline from $108K peak. ETH broke $2K for first time since mid-2024. $410B market cap erased. Leveraged liquidations cascading.
Tariffs cut to 18% from 50% in exchange for India halting Russian oil purchases. Dollar-negative, improves global trade sentiment.
EU suspended retaliatory tariffs (10-30% on US goods) for six months. Removes near-term tail risk for European exporters.
~$200B 2026 capex flagged for AI/cloud, well above expectations. AMZN -9.3%. Hyperscaler AI spend at $650B combined. Bullish for NVDA, AVGO, VRT.
Government shutdown forced BLS to delay January jobs report from Feb 6 to Feb 11. JOLTS also postponed. Compressed NFP Tue + CPI Thu calendar.
Dow closed above 50K for the first time after rallying 1,200+ pts Friday (+2.47%). Value and cyclical stocks led the massive rotation from tech.
| Time (ET) | Release | Consensus | Prior | Significance |
|---|---|---|---|---|
| 11:30 AM | Fed Board Closed Meeting | N/A | N/A | Low |
| Ticker | Sector | Last Close | Move | Catalyst |
|---|---|---|---|---|
| NVDA | AI Infra | $184.86 | +7.6% Fri | AI capex cycle confidence, $650B hyperscaler spend |
| AVGO | AI Infra | $333.66 | +7.5% Fri | Custom silicon momentum, AI rev doubling |
| IONQ | Quantum | $35.42 | +14% Fri | Rosenblatt Buy reaffirmation |
| KTOS | Defense | $88 | +20% YTD | CCA/drone demand, S&P 600 inclusion |
| LMT | Defense | $623.58 | +2.4% | Double-digit MFC growth guide, near ATH |
| NXE | Nuclear | — | +99% vol | CNSC Rook I hearing starts TODAY |
| FLNC | Storage | $19.44 | -34.6% | Earnings miss, unexpected quarterly loss |
| ALB | Minerals | ~$160 | -5-7% | Lithium price slip to 134,500 CNY/T |
| RKLB | Space | $72.32 | From $96 ATH | Neutron tank test setback, earnings Feb 26 |
| LEU | Nuclear | $281.70 | -4.9% | +523% YTD, profit-taking |
| Ticker | Sector | Last | Support | Resistance | 52W Hi | Signal |
|---|---|---|---|---|---|---|
| NVDA | AI | $184.86 | $170 | $195 | $195 | Bullish, near highs |
| TSM | AI | $348.85 | $330 | $360 | $360 | Bullish trend |
| AVGO | AI | $333.66 | $310 | $350 | $350 | Bullish, near highs |
| PANW | Cyber | $177 | $160 | $200 | $200 | Bullish |
| LMT | Defense | $623 | $600 | $640 | $640 | Bullish |
| NOC | Defense | $709 | $680 | $730 | $730 | Near ATH |
| CEG | Nuclear | $287 | $250 | $330 | $350 | Pullback from highs |
| CCJ | Nuclear | $114 | $105 | $130 | $130 | Bullish |
| ANET | AI | ~$95 | $85 | $100 | $115 | Neutral pre-earnings |
| ISRG | Robotics | $488 | $470 | $510 | $530 | Bullish |
| FLNC | Storage | $19.44 | $15 | $22 | $30 | Bearish post-miss |
| Date | Ticker | Thesis | Tier | Consensus | What to Watch |
|---|---|---|---|---|---|
| Wed 2/11 | CSCO | AI Infra | Indirect | $1.02 EPS, $15.1B rev | AI infra orders ~$3B FY from hyperscalers, new ATH |
| Thu 2/12 | ANET | AI Infra | T1 | $0.75 EPS, $2.37B rev | 800G port growth, AI Center rev. Beaten 4 straight Qs. Melius Buy $200 PT |
| Thu 2/12 | AMAT | Semis | Adjacent | $2.21 EPS, $6.88B rev | Semi equipment demand signal for AI chip buildout |
LMT, RTX, NOC, LHX all near 52-week highs. NATO rearmament + Golden Dome + munitions replenishment driving structural demand. Narrative shifted from cyclical to structural in 2026.
CNSC Part 2 begins in Saskatoon for Rook I uranium mine — the world's largest undeveloped high-grade deposit (30M lbs/yr). Hearings run Feb 9-12. Volume surged 99% Friday.
EU antitrust Phase I decision on $32B Wiz deal. Expected to clear. Validates CNAPP at 45-65x ARR. Removes independent competitor — benefits CRWD, PANW.
| Date | Catalyst | Tickers | Priority |
|---|---|---|---|
| Feb 9-12 | NexGen CNSC Rook I hearing Part 2 | NXE | Critical |
| Feb 10 | Google/Wiz EU antitrust Phase I deadline | GOOG, CRWD, PANW | High |
| Feb 11 | January NFP (delayed by shutdown) | Broad market | Critical |
| Feb 11 | Cisco Q2 FY2026 earnings | CSCO | High |
| Feb 12 | Arista Networks Q4 2025 earnings | ANET | Critical |
| Feb 12 | Applied Materials Q1 FY2026 earnings | AMAT | High |
| Feb 13 | January CPI (delayed) | Broad market | Critical |
| Feb 25 | IonQ Q4 2025 earnings | IONQ | High |
| Feb 26 | Rocket Lab Q4 2025 earnings | RKLB | Critical |
| Q1 2026 | AMD MI400 launch | AMD | High |
| Q2 2026 | Grasberg phased restart | FCX | High |
| H2 2026 | L3Harris Missile Solutions IPO | LHX | Medium |
| Nov 2026 | CMMC Phase 2 enforcement | 220K+ contractors | High |