TOPLEY’S TOP 10 February 05, 2026

Author

Matt Topley
February 05, 2026

1. Retail Investor Flow Jumped 60% from 2024 to 2025

Retail Flows Hit Record Highs

Here’s the part that should make Wall Street nervous: retail isn’t just maintaining presence, it’s accelerating. JPMorgan data shows that retail flows in 2025 jumped 60% from 2024 levels and are running 17% higher than the 2021 meme stock peak.

Retail investors are now over 20% of the total U.S. trading volume. Retail has now become a bigger force in the market than institutional long only and hedge funds.

Daily Chartbook

2. IGV Software ETF -30% from Highs ….Right on 200-Week Moving Average

StockCharts

3. Worst Performing Software Stocks-Bespoke

Bespoke’s

4. History of Consumer Staple Rally vs. Tech

“Due to the AI disruption fear in Service Businesses, Legal tools, Consulting and Advertising -we are seeing rotation into Consumer Staples and Cyclicals that are less threatened by AI” Noted JonesTrading’s Mike O’Rourke.  Yesterday the Defensive sector XLP was up +2%, while tech sector XLK was down -2% – “This only happened in 2000-2001 dot-com bust & January 2025 (before Trump tariffs crash)” noted Twits.

5. $227 Million Out of Bitcoin ETFS….IBIT Breaks Below April 2025 Levels

WSJ-$227 Million in Net Withdraws from Bitcoin ETFs Ending Jan 28Th

StockCharts

6. 44% of Bitcoin Supply is Now Negative Returns

BTC supply in profit. “44% of Bitcoin supply is now underwater.”

DAILY CHARTBOOK

7. Fidelity Launched Dollar Backed Stablecoin in Direct Competition with CRCL…..CRCL -35% Year to Date

StockCharts

8. Solar ETF +70% 12 Months Despite Trump and Silver Prices

Google

9. 10-20% of Solar Manufacturing Cost is Silver

Perplexity

This is the hallmark of projects that turn out to be worth doing.

The trouble might be a symptom that we’re onto something that others don’t care enough to do.

And the things that are obviously worth doing are probably already being done.