Highlights from the week of January 30 – February 5, 2026.

Investors rotated into more defensive, value sectors and drove up the price of gold.

Midway through 4Q25 earnings, the aggregate earnings growth rate stands at 13.9%, meaningfully higher than estimates from the start of the period. If this pace continues, it would represent the fifth consecutive quarter of double-digit earnings growth, a clear testament to the strength of the bull market. Thus far, 72% of companies have reported positive earnings, while 80% have posted positive sales growth. In addition, 81% of companies have surprised the market with positive earnings, providing another indication of broad-based strength. Industrials, technology, and financials have led, while consumer discretionary and real estate have continued to lag.

Unlike paper gains, realized PE distributions provide tangible value and fuel new compounding opportunities—key components of sustainable total return.

Interval funds provide a way to invest in less-liquid assets while still offering periodic redemptions. This structure blends the potential for higher returns with flexibility, giving investors greater control over their portfolios. Here’s what you need to know.

Improving global equity fundamentals and valuations argue for a more balanced approach.

2025 was a strong year for markets—but what did that mean for the millions of Americans saving for retirement in target date funds? Here, Barbara Reinhard, CFA, and Susan Viston from Voya IM's Multi-Asset Strategies and Solutions team break down 2025's key performance drivers and share their outlook on opportunities and risks for the year ahead.

In addition, President Trump nominated former Fed governor Kevin Warsh to succeed Jay Powell.

Against a backdrop of positive technicals and emerging late-cycle behavior, high starting yields should anchor returns once again in 2026.

Erin Orekhov, Head of Client Portfolio Management, and Eric Stein, Chief Investment Officer, discuss the nomination of Kevin Warsh as the next Fed Chair.