PickAlpha Evening Insights | 2026-02-10 - Market Wrap and Trades For Tomorrow
• Stocks drifted; rates steadied after wage and retail prints dominated headlines. • After-hours earnings beat and miss cluster included Zillow and Robinhood.
Market Wrap
Market Recap — Markets traded cautiously as payroll-costs and retail prints kept the tape range-bound; Treasury supply also tugged on rates. The BLS ECI and advance retail sales tempered front-end rate moves while import/export prices hinted at limited goods inflation pressure. Treasury announced a $58B 3-year offering, a modest supply note for the curve. After the close, a cluster of company reports (notably Zillow and Robinhood) drove late-volume reactions.
Intraday — Early releases showed the Employment Cost Index up +0.7% q/q, reinforcing wage-pressure narratives that influenced Treasury and duration flows ($TLT) while equities tagged along with muted reactions ($SPY); advance retail sales were essentially flat for December, underscoring mixed consumer momentum that also fed dollar considerations ($DXY).
After Hours — Post-close filings and reports pushed individual stocks: Zillow posted Q4 and FY results and investor materials after the bell ($Z), while Robinhood’s Q4 release triggered a sharp after-hours move as coverage highlighted profitability and revenue metrics ($HOOD).
Trades For Tomorrow
No good trade ideas for tomorrow.