Just caught up with Monday's market action and there's some solid moves happening across the board. S&P 500 up 0.54%, Dow up over 1%, Nasdaq climbing 0.73% - pretty solid day overall after that Jan ISM manufacturing data dropped. The index jumped 4.7 points to 52.6, strongest expansion in over 3 years. That's the kind of solid economic signal that gets people optimistic again.

Chip stocks and AI infrastructure names were on fire though - that's where the real solid gains were. SanDisk up 15%, Western Digital +7%, plus Micron, Intel, AMD all pushing higher by 4-5%. When you see that kind of solid performance in semiconductors, it usually means broader confidence in tech.

But here's the thing - Bitcoin tanked over 7% to near 10-month lows. Nearly $590M in long positions got liquidated over the weekend. Crypto stocks followed the bleeding, so that solid market rally didn't extend to the digital asset space at all.

Also watching China's weakness - their manufacturing PMI dropped to 49.3, and services fell to 49.4. That's contraction territory and probably the most solid reason to worry about global growth headwinds right now. Shanghai Composite down over 2% on the day.

Energy got crushed too - crude oil down 4%+ after Trump said US is talking to Iran, easing some geopolitical tension. Airlines actually liked that move though since lower fuel costs are solid for their margins. UAL, DAL, Southwest all up 4%+.

Feeds like Raphael Bostic throwing cold water on rate cut expectations for 2026 didn't help bond prices either. 10-year yield jumped to 4.269%, up 3.2 basis points. Market's only pricing in a 12% chance of a rate cut at the March meeting now.

This week's solid focus will be on earnings - Q4 season is rolling with 150 S&P companies reporting. So far 78% of the 167 that reported beat estimates, which is solid. ADP employment report Wednesday, ISM services Thursday, jobless claims and consumer sentiment to follow. That's a packed week for data.