Show Me the Money

With the 4^th quarter earnings, aka show me the money, season underway. So far it is off to a good start with the major banks Morgan Stanley, Goldman Sachs, Citigroup, and Bank of America, all beating estimates. Indicating a broadening bull market as strong earnings extend beyond the Mega-Cap tech and AI sectors. With 2026 tracking a 3^rd consecutive year of double-digit earnings growth, the outlook for stocks remains positive.

Despite the strong earnings data and positive outlook. The major averages failed to reach new highs this week. Since last Friday’s close the S & P 500 is down 26 points or .37%, the NASDAQ has slipped 156 points or .66% while the DOW lost 145 points or .29%.

All That Glitters Is Silver

And Gold, and Platinum as the precious metals continue their meteoric rise in 2026 led by Silver up a blistering 14.5% year to date. The question everyone is asking is, will it, can it, continue? The markets have a nasty habit of taking last year’s hero, and turning it into this year’s goat, and I don’t mean G.O.A.T. -greatest of all time. Radical out performance like this is very difficult to sustain. The longer it goes on the harder it becomes. I saw this in 2000 with the Dot-Com crash and again in 2008 with the Great Financial Crisis or GFC real estate crash. Some will argue that the metal price action is a reflection of the war premium. Indeed, the world is a particularly unstable place at present with the usual suspects in Congress and their MSM propagandists pushing war at every opportunity. But, you have to think that if this is truly what is driving prices. Why isn’t Crude also doing a moon shot? The trend is your friend, until it isn’t.

Thanks to the World bank for the Chart. Prices have gone vertical since.

Have a great weekend everyone! See you next Friday.

Last Week’s Post: Solid Gains Power Stocks