Possibly a buying opportunity, but not an aggressive one. The selloff was driven more by forced liquidations than weakening fundamentals. Gold’s structural support remains intact, though near-term volatility is likely. Gradual accumulation is preferable. Silver remains higher risk due to speculation.
Big Tech in February
Selective trimming makes sense. Underperformance points to leadership fatigue, not a broken AI story. Reducing crowded, fully valued names helps manage concentration risk while keeping core exposure.
January Barometer for 2026
Supportive, but not decisive. Policy uncertainty and cross-asset volatility suggest a choppy Q1. A pullback would not rule out a constructive 2026.
January earnings
Solid but uneven. Guidance mattered more than beats. Markets rewarded clarity and punished fragility, reinforcing a stock-picker’s market.
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