Monthly Market Wrap

Comprehensive monthly analysis and insights across different market sectors

Earnings Market Wrap January 2026

Late-Jan earnings drove elevated volatility & dispersion as Big Tech pivots, guidance swings & weather-hit travel sparked sharp mixed moves.

Activism and Berkshire's hinted Kraft sell-down sparked governance-led M&A, software multiple compression and targeted consolidation.

CDC grant pause + formula safety shock repriced the sector, sparking flows to staples and capping volatile biotech rallies.

Winter storm and Venezuelan repairs tighten energy supply, boosting MRO demand while copper-led metal pressure squeezes OEM margins.

Hermes-led luxury, AI/labor debate and weather-driven panic buying fueled volatility as logistics disputes tightened margins.

Falling mortgage rates lifted buyer demand, but policy/listing changes and regional headwinds capped gains, keeping outlook neutral.

Gas/nuclear policy support, EV charging and battery shortages plus tight oil/LNG kept energy high; airlines lag on weather, fuel & funding.

Jan saw FX volatility, JPY intervention risk and rising Fed-governance scrutiny over a Fed-chair pick, keeping markets cautious.

Jan: neutral tone but high event risk - ambiguous Fed and mixed tech earnings, USD/JPY stress lifted volatility; energy/EV beat mega-caps.

January closed neutral-to-cautious: Fed uncertainty, USD strength, big-tech earnings and bank/legal risk drove volatile, hedged flows.

Jan: FX & policy risk drove markets - sharp FX moves, CB FX interventions, Fed pick worries and tariffs sparked risk-off into Treasuries.

January closed with institutional adoption of stablecoins and tokenization, but late regulatory pressure drove rotation to stablecoins.

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