SPDR Dow Jones Industrial Average ETF (DIA)

Schiff noted that total federal spending was only about 2% of GDP back then, while today it’s over 23%.

According to data from the U.S. Bureau of Labor Statistics (BLS), the unemployment rate stood at 4.3% in January.

Retail chatter on Stocktwits shows that sentiment remains deeply bearish on SPY and QQQ.

Investor focus shifted to Wednesday’s U.S. jobs report, wage data, Fed remarks, and the federal budget release.

According to a report from Reuters, Hammack said on Tuesday that the Federal Reserve is not in a hurry to alter interest rates this year as it sees a “cautiously optimistic” outlook for economic activity in the country.

As per the data from Bloomberg Intelligence, equity turnover averaged a record $1.03 trillion in January, a roughly 50% increase from the same period in 2025.

Retail chatter on Stocktwits shows ‘ bearish’ sentiment for the SPY ETF, as well as tech-heavy QQQ.

Peter Tuchman flags a widening split between the S&P 500 and Dow as mega-cap tech spending tests investor patience.

As per a Bloomberg report, Citi strategists said the Fed could also opt to decrease the pace of its T-bill purchases from about $40 billion a month currently, or stop them altogether.

The economist added that the “buy on dips” sentiment led to a rebound in equities toward the end of the week.

Retail sentiment remained bearish on the SPDR S&P 500 ETF (SPY), while sentiment on the Invesco QQQ Trust (QQQ) slipped to neutral from bullish last week on Stocktwits.

The Dow Jones Industrial Average climbed over 2.3% to a 50,000 record, while the S&P 50 increased 1.72%.

The economist cited a recent Politico newsletter stating that, as Fed Chair, Kevin Warsh could bring a shift in the central bank’s communication.

According to BofA’s latest Flow Show report, as cited by MarketWatch, the firm’s proprietary Bull & Bear Indicator is currently at a nearly two-decade high of 9.6, the highest since March 2006.