'Tale of Two Markets:' Everyone Else Wins in Software 'DeepSeek Moment'

Market breadth is improving, says Charles Schwab's Kevin Gordon, though he says not many people can't tell because of red arrows in the indices. He explains why investors need to look away from the Mag 7 and toward the other 493 names in the SPX. Nate Peterson adds that much of the tech weakness came from software. He explains the "DeepSeek moment" software is experiencing as software ETFs hit near-record low RSIs.

Morning Trade Live

04 Feb 2026

SHARE

Schwab Network's Newsletters

Daily insights for every investor

ON AIR
6:00 pm
The Wrap
replay
12:00 am
Market Overtime
REPLAY
12:30 am
Market On Close
REPLAY
education
2:00 am
Schwab 2026 Outlook
REPLAY
3:00 am
Fast Market
REPLAY
4:00 am
Next Gen Investing
REPLAY
5:00 am
Market Overtime
REPLAY
5:30 am
The Wrap
REPLAY
7:00 am
Morning Movers
8:00 am
Opening Bell With Nicole Petallides
9:00 am
Morning Trade Live
10:00 am
Trading 360
11:00 am
Fast Market
12:00 pm
Next Gen Investing
1:00 pm
The Watch List
2:00 pm
Market On Close
3:30 pm
Market Overtime
4:00 pm
Fast Market
REPLAY
5:00 pm
Next Gen Investing
REPLAY
ON AIR
6:00 pm
The Wrap
REPLAY
education
7:30 pm
Liz Ann Live
REPLAY
8:00 pm
Market Overtime
REPLAY
8:30 pm
Market On Close
REPLAY
education
10:00 pm
Liz Ann Live
REPLAY
10:30 pm
The Wrap
REPLAY