TechFlow news, January 10 — According to Jinshi Data, during the first full trading week of 2026, cross-asset markets rose synchronously, signaling a resurgence of risk appetite on Wall Street. Investors' hunger for risk is evident. The S&P 500 Index gained 1.6% this week, while the Russell 2000 Index surged 4.6%. The Vanguard S&P 500 ETF (VOO) attracted $10 billion in just a few days—an astonishing pace for a passive fund. These developments mark a strong start to the year.
Below are key market events to watch in the coming week (all times in Beijing time):
Monday: G7 Finance Ministers' Meeting;
Tuesday: Speech by FOMC permanent voter and New York Fed President Williams; U.S. 10-year Treasury note auction for January 12; U.S. December unadjusted YoY CPI, adjusted MoM CPI, adjusted core MoM CPI, unadjusted core YoY CPI;
Wednesday: Speech on economic outlook by Philadelphia Fed President Boalsen, a 2026 FOMC voter; Remarks by Federal Reserve Governor Meilan in Athens; U.S. November retail sales MoM;
Thursday: Speech by Minneapolis Fed President Kashkari, a 2026 FOMC voter; Release of the Federal Reserve's Beige Book on economic conditions; Opening remarks by FOMC permanent voter and New York Fed President Williams at an event; U.S. January New York Fed/Philadelphia Fed Manufacturing Index; U.S. November import price index MoM;
In addition, Fed officials will be speaking frequently next week. Rate cuts are unlikely before Powell's successor takes office—refer to the attached chart for details. Strategists from Bank of America Global Research stated that Friday's data reinforced their belief that the Federal Reserve will not cut rates again before the incoming chair succeeds Chair Powell.
