Silver & gold crash and momentum unwinds throughout earnings season

Welcome back everyone to Stock Market Weekly Episode #817 for Friday, January 30, 2026 where we will be breaking down the most important trends, price action, and noteworthy moves across financial markets.

As always, we will share extensive analytics on the S&P500 (SPX), Nasdaq 100 (NDX), Russell 2000 (RUT), and current volatility environments.

Markets covered

DXYGLDSLVXLPXLEBitcoin

Stocks covered

AMZNGOOGTSLAMETAORCLMODWDCSNDKAMZN

In this week’s episode

This week’s Stock Market Weekly highlights a sharp momentum unwind as silver and gold collapsed after parabolic runs, triggering volatility across high-beta stocks and momentum trades. Broader markets like SPY and QQQ struggled to hold breakouts, underscoring a market in rotation rather than a clear trending phase.

We break down how Fed messaging, FX volatility, and uneven mega-cap earnings shaped price action, with strength in defensives like energy and utilities contrasting weakness in crowded growth trades. The key takeaway: elevated volatility demands tighter risk control, selectivity, and patience as earnings season unfolds.

Video episode timestamps

• 0:00 Introduction – key events from this week’s trading
• 0:57 Fed meeting recap and new Fed chair appointment
• 3:04 Earnings reports – Apple, Meta, Microsoft, Tesla
• 6:22 Precious metals volatility – gold and silver
• 9:32 Index returns, sector analysis, and market breadth
• 14:22 Dollar index breakdown and precious metals breakout
• 17:48 Major indices price action analysis (SPY, QQQ, IWM)
• 22:50 Sector rotation – XLP and XLE breakouts
• 23:46 MAG 7 earnings preview – Amazon and Google
• 25:05 Momentum stock picks – MOD, SanDisk, Western Digital

We hope that you enjoyed this week’s episode, and look forward to having you back next week!