Day 343: Rate Cuts + Trump 2.0 Day 377

🕐 Market Recap | Monday, Feb 2, 2026

Selective rebound | Big Tech split | Volatility easing

🔎 Market Snapshot
• S&P 500 ($S&P 500 Index (.SPX.US)$): +0.42% → 6,968

Buyers stepped back in after early dip — reclaiming short-term VWAP, but still below yesterday’s highs.

• VIX $CBOE Volatility S&P 500 Index (.VIX.US)$: −3.61% → 16.81

Volatility cooling nicely. Fear is coming off, but not gone.

🧠 Magnificent 7

🟢 Strength / Bounce Leaders

• AMZN $Amazon (AMZN.US)$ +1.84% — clean continuation, strong intraday structure
• AAPL $Apple (AAPL.US)$ +1.28% — relief bounce after pressure, but still inside range
• GOOGL $Alphabet-A (GOOGL.US)$ +1.07% — higher highs intraday, constructive follow-through

🟡 Mixed / Choppy

• META $Meta Platforms (META.US)$ −1.02% — post-run digestion, sellers active near highs
• MSFT $Microsoft (MSFT.US)$ −0.68% — still heavy, struggling to reclaim key levels

🔴 Weak / Profit-Taking

• NVDA $NVIDIA (NVDA.US)$ −1.41% — fading bounce, needs to hold support
• TSLA $Tesla (TSLA.US)$ −2.47% — sharp pullback after recent volatility spike

🧭 What the Tape Is Saying

• This is rotation, not broad risk-on

• Money flowing into AAPL / AMZN / GOOGL, out of high-beta names

• VIX below 17 = pressure easing, but not complacency

• RSI across indices still mid-range → room for both directions

$iShares Silver Trust (SLV.US)$

$SPDR Gold ETF (GLD.US)$