📊 Treasury Jump Pressures Tech

Good Morning Investors,

U.S. names edged lower while Canadian venture stocks posted modest gains, and the broader tech heavy index dipped slightly. Leadership came from resource and commodity adjacent pockets. Mining stocks advanced sharply, and energy shares followed with strong gains, reinforcing the recent bid under hard asset exposure. Semiconductors also pushed higher, which could provide a tailwind for chip suppliers and niche equipment players if momentum holds.

Macro headlines are setting the guardrails. A stronger than expected January jobs report drove Treasury yields higher, reviving debate around the Fed’s next move and potential policy reviews. Lingering AI related anxiety and renewed scrutiny of software valuations are prompting defensive rotation. That means watching miners and energy names for continued momentum, while also monitoring defensive or cash generative smaller companies that could attract flows if risk sentiment stabilizes.

Matthias Schneider
Editor at Analytica Investor