Pre-Market Report – Monday 2 February: US markets slip | Gold and silver smashed

US equities finished down in Friday trading, though ended off worst levels. Big tech was mostly lower; however AAPL was a slight gainer on its report and TSLA fared well. Other underperformers included semis/semicaps , software, precious-metals miners, homebuilders, transports, managed care, hotels, cruise lines, auto suppliers, China tech, nuclear, and quantum computing. High-beta, momentum, small-caps, most-shorted names, and retail-investor favorites lagged as well. Relative outperformers included HPCs, telecom  energy, insurers, food/beverage, grocers, media, apparel and off-priced retail. Treasuries were mixed with the curve steepening; yields down 3-4 bp at the short end. Dollar index up 0.8%, though still lower WTD. Gold finished down 11.4%, its largest single-day drop in decades. Silver settled down 31.4%, its worst session since 1980. Bitcoin futures were down 0.2%, but came off worst levels. WTI crude settled down 0.3% in choppy trading.SPI down 60 - RBA tomorrow.Want to invest with Marcus Today? Our MT20 portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.