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Publication date: Jan. 8, 2026
It is Thursday, January 8. The AEX notes 973 in the morning session. That is 25 points (2.65%) higher than last week's reading.
What happened on the AEX last week?
The AEX opened the 2026 trading year like a rocket. Led by the heavyweight Tech funds, the AEX shot to the record high of 992 on Tuesday, January 6. Besides some good news, the cause is believed to be deferred investing. Many investors liquidated positions by the end of 2025 for tax reasons. Positions were then resumed in full at the beginning of 2026. Currently, the AEX is already down 20 points from its top two days ago. This indicates that Monday and Tuesday's rise was a somewhat exaggerated price movement.
What does this mean for sentiment on the AEX?
Overall sentiment on the AEX is positive, but the underlying is uncertain. A volatile transition period is expected in the financial markets. Of great importance is the development of inflation and the labor market in the US. Labor figures (NFP) will be released on Friday, January 9, and inflation figures(CPI) will be released next week.
What is the expectation for the AEX?
In the most likely scenario for the next few months, the AEX will test the top at 992 and possibly the 1,000-point barrier before undergoing the correction to the 910-915 zone. This is the format for the upward breakout towards the price target at 1015.
Below 880, the longer-term positive scenario expires and the AEX enters a neutral zone with an increased risk of further decline. As long as 880 holds, the positive long-term scenario remains in place.
Above is the chart of the AEX as of January 2025. The arrows indicate the most likely scenario for the coming months.
What happened on the Nasdaq this past week?
The Nasdaq futures are at 25,780 on Thursday morning, January 8. That is 210 points (0.8%) higher than last week.
The Nasdaq futures are making up nicely for the previous week's loss. For the first week, the Nasdaq is fluctuating relatively sideways between 25,500 and 26,000.
What is the outlook for the Nasdaq futures?
Long-term positive with a price target of 27,800. In the most likely scenario, the Nasdaq will finish the correction in the zone around 23,000. From that level, the Nasdaq can move further up toward the price target. With a close below 22,200, the positive scenario expires.
Below is the chart of the Nasdaq futures from January 2025 with the most likely scenario.
What happened on the Dow Jones Industrial Average (DJIA) Index this past week?
The DJIA is currently trading at 49,115 points, which is 545 points (+1.1%) higher than last week's reading.
The DJIA started the year extremely well and reached a record low of 49,871 in the first week of 2026. Currently, the DJIA is correcting again 1.5% from the top.
What is the outlook for the Dow Jones Industrial Average Index?
In the most likely short-term scenario, the DJIA may test the top of 49,800. Further, a larger correction to around 45,500 is expected.
For the longer term, our system foresees a price target of at least 51,500. The scenario expires at a close below 43,200.
Below is the chart of DJIA futures from January 2025 with the most likely scenario plotted.
Every Sunday morning we publish the Economic Calendar for the coming week. Would you like to receive the Economic Calendar by mail? You can sign up here.
In the calendar, we cover the most important topics through an explanation and vision. Read here the Economic Calendar from January 5 to January 9, 2026 and from Friday afternoon, you can read here the Economic Calendar for the week from January 12 to January 16, 2026.
Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are therefore for educational purposes only.
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