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Rotation, Resilience, and the Road Ahead
First Week with Walter Todd

Seasonal Strength

February 4, 2026

New tech is out, and old school sectors are in! Last month, materials, industrials, and other “things that hurt when you drop them on your foot” moved up as software underperformed. After a January that seemed to last forever, Walter Todd unpacks the underlying economic backdrop amid sector rotations, currency swings, and ongoing political headlines.

Greenwood Capital is an SEC-registered investment advisory firm. This material has been prepared for information purposes only, is not intended to provide, and should not be relied on solely for tax, legal, or accounting advice. Subtitles are automatically generated.

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