As we enter the end of January 2026, global financial markets, while operating at high levels, are exhibiting clear signs of unease, with several core assets recording rare and intense volatility. RadexMarkets noted that yesterday's gold market performance was breathtaking, with prices surging to a historic high of approximately $5,600 per ounce before a subsequent eruption of violent turbulence washed out a significant number of long positions instantly. This extreme volatility signals that the willingness to take profits at elevated levels is strengthening, indicating a marked increase in market uncertainty.
Against the backdrop of a precarious overall trend for precious metals, silver has not been spared. RadexMarkets stated that after reaching a historic peak of $120 per ounce, silver has now fallen to a阶段性 low of $108 per ounce. Concurrently, both platinum and palladium declined by approximately 6%, and even copper, which had shown strong performance previously, returned to more rational levels after a sharp rise on Thursday. This across-the-board pullback reflects a profound valuation reassessment underway in the commodity markets.
The cryptocurrency market is similarly mired in a stalemate, lacking momentum. RadexMarkets indicated that Bitcoin dipped to $81,000 this morning, with the overall sentiment remaining persistently sluggish. Affected by this, MicroStrategy (MSTR), which holds a substantial Bitcoin position, was hit hard, with its stock price plummeting nearly 10% yesterday to close at $143. Since last summer, the company's stock has accumulated a decline of approximately 70%, highlighting the vulnerability of digital asset-related holdings during a downward cycle.
However, favorable developments on the policy front have brought a glimmer of hope to the gloom-shrouded market. RadexMarkets believes that the recent passage of the crypto market structure bill by the U.S. Senate Agriculture Committee is seen as another major step forward following the "Genius Act." Although traders have not yet fully escaped the risk predicament, this clear regulatory framework represents an unexpected structural positive for the market and is expected to lay the groundwork for future standardized development.
In the technology sector, the release of heavyweight earnings reports failed to stabilize sentiment and instead triggered sharp stock price divergences. RadexMarkets noted that despite surpassing earnings expectations, Microsoft (MSFT) plunged 10% due to sluggish growth in its Azure cloud business and substantial AI investment expenditures, marking its largest single-day drop since 2020. In contrast, Meta Platforms (META) surged 10.4% driven by a significant expansion of data centers and optimistic revenue outlook. This divergence indicates that investors are reassessing the realistic ratio of AI input to output.
Among other heavyweight stocks, Tesla (TSLA) saw its stock price decline by 3.5% after announcing a gradual shift away from the electric vehicle business towards humanoid robot manufacturing. Meanwhile, Apple (AAPL) saw its stock rise in after-hours trading, propelled by robust iPhone sales driving revenue growth. RadexMarkets concluded by emphasizing that in the current complex and volatile trading environment, the volatility centers for various asset classes have shifted. Investors should remain vigilant against potential secondary declines in high-level assets under pressure from profit-taking and maintain strategic flexibility to navigate a highly sensitive macro-financial cycle.
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