Tariffs, TACO, volatility, and a market that refuses to break

Welcome back everyone to Stock Market Weekly Episode #816 for Friday, January 23, 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

ACWXEEMGLDSLVVIXXLEBitcoin

Stocks covered

METATSLAAAPLIRENAPLD

In this week’s episode

This week’s Stock Market Weekly covers a familiar but important pattern: sharp geopolitical-driven selloffs followed by fast recoveries that continue to frustrate bears. Despite early technical damage, SPY and QQQ held key levels, reinforcing a market that remains resilient heading into a busy week with the Fed and major earnings on deck.

We also highlight where leadership is shifting beneath the surface. Gold (IAU), energy (XLE), and international stocks (ACWX) continue to outperform while mega-cap tech stalls near resistance. With earnings from META, TSLA, and AAPL approaching, the market may be nearing an inflection point that decides whether rotation persists or big tech plays catch-up.

Video episode timestamps

• 0:00 Introduction – key events from this week’s trading
• 0:42 Index returns, sector analysis, and market breadth
• 5:28 Major indices price action analysis (SPY, QQQ, IWM)
• 8:51 Sector performance and rotation themes
• 10:29 Year-to-date sector leaders
• 11:27 Market breadth indicators and 52-week highs/lows
• 12:19 Bitcoin technical analysis and trading outlook
• 14:02 Next week’s economic calendar and FOMC meeting
• 14:16 Earnings preview: Meta, Tesla, and Apple
• 18:36 Trade ideas: IRON and APLD setups

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