Bad Economic Data Sends Yields to the Basement, Dow to the Nosebleeds: Feb. 10, 2026

The path to avoiding a 2026 rate hike widened this morning after a pair of reports signaling stressed household budgets re-ignited slowdown angst on Wall Street.

Canada’s July Consumer Price Index (CPI) is due Monday morning and economists are looking for a modest acceleration from 2.8% to 2.9%.

The University of Michigan’s preliminary sentiment index slid to 51.0 as one-year inflation expectations ticked up to 4.3%.

After an explosive start to 2026, silver experienced a severe 50% pullback from its all-time highs into the summer months. Driven by crowded positioning and central bank gold sales to defend currencies, the metals market looked exhausted. However, early August brought a sudden reversal, sending silver 16% higher in a matter of days.

The White House announced that President Donald Trump signed a Proclamation to "address the national security threat posed by imports of drones and their components, including by strengthening America's drone industry and supply chain."