Wall Street Roundup: risk off
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 6 February 2026
⏱️ 18 minutes
🧾️ Download transcript
Summary
Show Notes:
President Trump unveils TrumpRx website for low-cost prescription drugs
Bitcoin and software stocks have been more correlated in the last months
Episode transcripts: seekingalpha.com/wsb
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Transcript
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| 0:00.0 | Brian Stewart, seeking Alpha's director of news, welcome back to another week of Wall Street |
| 0:16.2 | Roundup. |
| 0:16.9 | Great to be here. |
| 0:17.6 | It's great to have you. |
| 0:18.6 | Talk to us. |
| 0:20.0 | We've got Bitcoin. |
| 0:21.1 | We've got AI. We've got AI. |
| 0:22.2 | We've got earnings. |
| 0:23.9 | What's top of mind for you? |
| 0:25.8 | Yeah, I think everything can kind of fall under the blanket of risk off concerns about maybe valuations |
| 0:34.0 | getting too stretched, money being kind of over allocated in certain areas. |
| 0:39.5 | Taking it in chunks, we can look at Bitcoin first. |
| 0:42.5 | Basically, the leading edge of a risk off move down 13% so far this week. |
| 0:47.7 | And this is after a bounce back today, about 8% the last time I checked. |
| 0:51.8 | It's down about 27% in a month. |
| 0:57.3 | Yesterday, during the kind of sharpest part of the sell-off, got below 63,000. Its highs above 126,000, so essentially |
| 1:05.3 | lost about half its value from peak to trough. Like I said, and like you and I have talked about |
| 1:10.8 | previously, |
| 1:12.5 | as much as Bitcoin Bulls want to think of it as the currency of the future, |
| 1:18.0 | it isn't really embedded in the economy in that way. It's more treated like a risk asset |
| 1:24.9 | within portfolios, even as institutions have picked up on it more, which has been |
| 1:30.8 | contributing to the increase that we saw in 2025, I think that when kind of push comes to shove, |
... |
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