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February 7, 2026 | Tech Talk for Saturday, February 7th 2026
Don Vialoux
The Bottom Line
All time high for the Dow Jones Industrial Average on Friday! Strength is coming from sectors other than technology, an encouraging technical sign. The Average recorded gains despite a 4.5% drop by the Magnificent 7 ETF (MAGS) last week. Strength in U.S. equity markets is “broadening out” into other sectors including Materials, Industrials, Financials, Energy and Consumer Staples. Stock prices in these sectors responded to higher than consensus fourth quarter revenues and earnings. Analysts responded by raising earnings and revenue estimates and by boosting their target prices.
In Canada, strength was most notable in the Financial Services sector, particularly the banks.
Economic focuses this week are on the December Retail Sales Report on Tuesday, the January U.S. Employment Report released on Wednesday and the U.S. January Consumer Price Index released on Friday.
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Don Vialoux February 7th, 2026
Posted In: Tech Talk
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