Macro Summary
Total market volume for the session ending February 10, 2026, reached $272.1B, representing approximately 86% of the 30-day average. The session was characterized by a selective rotation, where activity was concentrated in defensive sectors like Utilities and targeted international regions—specifically Japan and Europe—while broad U.S. Equity indices and Digital Assets traded on lighter-than-usual volume.
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $193.7B | $206.6B | 94% |
| Fixed Income | $29.2B | $31.7B | 92% |
| Commodity | $11.9B | $29.4B | 41% |
| Digital Asset | $4.9B | $7.2B | 67% |
| Currency | $140.0M | $108.3M | 129% |
| Alternative | $834.7M | $1.1B | 78% |
| Non-Traditional | $31.3B | $40.6B | 77% |
| Multi-Asset | $216.2M | $232.8M | 93% |
Equity
Equity markets saw a total volume of $193.7B, operating at 94% of average activity. The session was headlined by significant liquidity in the Eurozone and Japan, alongside a major rotation into defensive Utilities and Infrastructure themes.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Thematic – Infrastructure | 254% | $1.1B | +0.40% |
| Region – Eurozone | 199% | $1.4B | -0.18% |
| Sector – Utilities | 143% | $1.7B | +1.56% |
| Global Ex-U.S. Small | Mid Cap | 143% | $444.6M | +0.67% |
| Sector – Financials | 132% | $5.6B | -0.68% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| IAI | iShares U.S. Broker-Dealers & Exchanges | 599% | $163.9M | -3.17% |
| IEUR | iShares Core MSCI Europe ETF | 546% | $530.0M | -0.40% |
| EUFN | iShares MSCI Europe Financials ETF | 398% | $191.6M | -1.61% |
| VXF | Vanguard Extended Market ETF | 396% | $317.1M | -0.02% |
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | 367% | $156.2M | +0.51% |
| EWJ | iShares MSCI Japan ETF | 302% | $2.0B | +2.05% |
| KXI | iShares Global Consumer Staples ETF | 278% | $17.9M | -0.17% |
| IYK | iShares U.S. Consumer Staples ETF | 263% | $55.8M | -0.09% |
| PAVE | Global X U.S. Infrastructure Development | 252% | $196.4M | +0.70% |
| RWL | Invesco S&P 500 Revenue ETF | 246% | $66.8M | -0.26% |
Fixed Income
Fixed Income volume was $29.2B. Yield-sensitive areas like Securitized and Government Long-Term bonds drove the session’s activity outliers.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| DMBS | DoubleLine Mortgage ETF | 849% | $32.4M | +0.14% |
| VCRM | Vanguard Core Tax-Exempt Bond ETF | 485% | $69.7M | +0.14% |
| FLRT | Pacer Floating Rate High Income ETF | 269% | $11.9M | -0.20% |
| GOVI | Invesco Equal Weight Treasury ETF | 268% | $21.5M | +0.71% |
| BSJR | Invesco BulletShares 2027 HY Corp | 251% | $12.1M | -0.07% |
| ZROZ | PIMCO 25+ Year Zero Coupon Treasury | 186% | $60.0M | +2.04% |
| HYGH | iShares Hedged High Yield Bond ETF | 200% | $8.0M | +0.12% |
Commodities
Commodities traded on unusually low volume (41% of average). While Precious Metals was muted, Base Metals saw outlier activity via the DBB fund.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| DBB | Invesco DB Base Metals Fund | 195% | $22.5M | -1.10% |
Digital Asset
Digital Asset volume reached $4.9B. Ethereum-linked products faced significant pressure with average returns of -4.84%.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
No items met the inclusion criteria for this session.
Currencies
Currency ETFs traded at 129% of average activity, driven primarily by safe-haven flows into the Japanese Yen.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Currency | 129% | $140.0M | -0.00% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| FXY | Invesco Currencyshares Japanese Yen Trust | 212% | $28.6M | +1.02% |
Alternatives
Alternatives generated $834.7M in volume. Interest was highest in Volatility Long products, which posted average returns of +2.15%.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
No items met the inclusion criteria for this session.
Non-Traditional
Non-Traditional products saw $31.3B in volume. While Leverage and Inverse Equity dominated volume, synthetic income outliers like EFAA saw elevated activity.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| EFAA | Invesco MSCI EAFE Income Advantage | 182% | $7.8M | +0.09% |
| BUCK | Simplify Treasury Option Income ETF | 156% | $7.9M | -0.15% |
Multi-Asset
Multi-Asset volume was $216.2M. Global Macro strategies remained in focus, led by Bridgewater’s All Weather strategy.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| ALLW | SPDR Bridgewater All Weather ETF | 168% | $26.4M | +0.11% |
