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The Great Realignment: Precious Metals and Market Shifts · The SPY Trader

• 0:00
  Good morning and welcome back to the Spy Trader podcast .
• 0:04
  It is 5 am on Saturday , January 24th , 2026 , here on the Pacific coast .
• 0:11
  I am your host , Penny Stockton , and I am glad you are joining me for our early morning checkin on this wild financial roller coaster we call the markets .
• 0:20
  We are coming off a week that felt like a decade .
• 0:23
  It was a tale of two halves .
• 0:26
  We started with a total thud on Tuesday , marking the worst day for markets since late 2025 because of some highstakes tariff threats involving eight European nations and a deadlock over Greenland .
• 0:39
  The S&P 500 dropped over two percent and the Nasdaq took an even bigger hit .
• 0:45
  But then , things took a turn .
• 0:47
  We saw a massive relief rally midweek after some positive talk from Davos .
• 0:53
  By the time the closing bell rang on Friday , we ended up just slightly down , with the SPY finishing the week lower by only about half a percent .
• 1:02
  The big story right now is what I call the Great Realignment .
• 1:05
  Investors are moving away from pure tech and looking at the physical backbone of our economy .
• 1:11
  While Meta jumped over five percent , poor Intel took a seventeen percent nosedive on Friday due to supply constraints and a weak outlook .
• 1:20
  Meanwhile , basic materials are having a moment .
• 1:24
  We are seeing silver cross the historic one hundred dollar mark and gold is knocking on the door of five thousand dollars .
• 1:31
  Even the financial sector is a bit of a mixed bag .
• 1:34
  Morgan Stanley is celebrating wealth management assets hitting over nine trillion dollars , but J.P.
• 1:40
  Morgan is dealing with a five billion dollar lawsuit from the administration , causing its stock to slide .
• 1:47
  Looking ahead , the Fed is probably going to keep interest rates right where they are next week as they wait for more data .
• 1:54
  So , what do we do with our money ?
• 1:56
  First , consider some strategic diversification .
• 1:59
  Even with prices at record highs , holding things like the SPDR Gold Shares , ticker GLD , or the iShares Silver Trust , ticker SLV , is a smart hedge against the current unpredictability in global trade .
• 2:13
  I also really like the materials sector right now .
• 2:16
  The Materials Select Sector SPDR Fund , or XLB , is a strong play because these companies are seeing huge growth revisions .
• 2:26
  Specifically , keep an eye on Steel Dynamics , ticker STLD , which is set to report earnings next week and should benefit from new manufacturing incentives .
• 2:36
  If you are worried about tech being overvalued , you might want to switch from the QQQ to the Vanguard Total Stock Market ETF , or VTI .
• 2:46
  It gives you a broader slice of the market including smaller companies that are currently outperforming .
• 2:52
  Finally , for some peace of mind , the iShares Core U.S.
• 2:56
  Aggregate Bond ETF , ticker AGG , is offering a stable yield while we wait for the next rate cut later this year .
• 3:04
  That is all for this update .
• 3:07
  Stay smart and I will talk to you in a few hours .