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Your lookahead horoscope: February 8, 2026

  IF TODAY IS YOUR BIRTHDAY A Venus-Uranus link on your birthday suggests you will be attracted to people and causes that are out of the ordinary over the next 12 months. That’s fine, but take care you don’t get swept away by passions you may not be able to control. ARIES (March 21 - April 20): It’s never nice being told you are wrong but on this occasion the person doing the telling is doing you a favour. If you carry on along your current path you will inevitably hit a wall, so listen to what they have to say. It’s good advice. TAURUS (April 21 - May 21): You seem to be wasting a lot of time and energy on minor matters that can probably be safely ignored and that is something you will need to deal with over the next few days. There are far more important things that need looking at. GEMINI (May 22 - June 21): Do what you want to do this week rather than what other people expect you to do. You have gone out of your way of late to make life easier for family and friends and now you...
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Powell’s Words Rattle Investors

 

US stock futures took a tumble today after Federal Reserve Chair Jerome Powell poured cold water on hopes for an early interest rate cut. As we head into a busy week of corporate earnings, investors are closely watching the impact of Powell’s statements on the recent market rally. S&P 500 ( ^GSPC) futures slipped 0.2%, signaling a pullback from the benchmark’s record-setting run, Dow Jones Industrial Average ( ^DJI) futures shed roughly 0.2%. and  Nasdaq 100 ( ^NDX) futures dropped 0.1%.

Powell, in a recent “60 Minutes” interview, reiterated the central bank’s cautious approach to rate cuts. He emphasized that the “danger of moving too soon is the job’s not quite done” in quelling inflation. Traders responded by scaling back their bets on rate cuts, not only for March but also for May, according to the CME FedWatch Tool.

US bonds sank, with the 10-year Treasury yield ( ^TNX) rising about six basis points to 4.08%. This move reflects the market’s recalibration of expectations following Powell’s remarks.

Investors are now turning their attention to quarterly results. Last week’s triumphant reports from Meta (META) and Amazon (AMZN) fueled the recent rally. Today, McDonald’s (MCD) disappointed with sales falling short of Wall Street estimates. The coming days will be crucial as a wave of corporate earnings reports determines whether the rally can sustain its momentum.


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