February 3, 2026

Markets:

S&P 500 futures moved higher Tuesday, supported by strength in Palantir and a rebound in gold and silver, following a strong start to the new trading month for U.S. equities.

Stocks finished the regular session broadly higher. The Dow Jones Industrial Average surged roughly 515 points (+1.05%), while the S&P 500 gained 0.5% and the Nasdaq Composite added nearly 0.6%. AI infrastructure names Sandisk, Western Digital, and Seagate all closed higher. Nvidia, however, slid nearly 3% after a Wall Street Journal report late last week indicated the company’s potential investment in OpenAI has stalled.

Earnings remain front and center this week, with more than 100 S&P 500 companies reporting. Alongside Alphabet, fellow “Magnificent Seven” member Amazon is set to report later this week. Investors will be watching tech results closely for continued evidence of AI-driven efficiency and profit growth.

European markets also traded higher Tuesday as global markets stabilized following a brief selloff in cryptocurrencies and precious metals.

Portfolio:

We enter today’s session holding positions in CIFR, IRE, and TSLL.

The Bureau of Labor Statistics announced it will not release economic data due to the government shutdown, meaning Friday’s jobs report is likely off the table.

Earnings tonight include AMD, SMCI, and ENPH—three key names we closely follow for growth and sector insight.

QQQ is showing a strong rebound from Friday’s lows and is likely targeting the 632 level. AMD earnings tonight could provide the catalyst to push it higher.

Gold is extending gains, up roughly 7% on the day, while silver is surging approximately 13%. Gold is back above $4,950/oz and silver above $87/oz.

The queue is extremely active today, be prepared for updates and the potential for a new trade.