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The Daily Recap: A Golden Train in the Jungle
♦️ The Daily Recap: A Golden Train in the Jungle
Wednesday, January 7, 2026
https://www.philstockworld.com/2026/01/07/which-way-wednesday-dow-50000-sp-7000-almost-edition/
🌅 The Morning Call: High on Our Own Supply?
The trading day kicked off with a paradox. On paper, everything looked like a celebration: the Dow had just closed above 49,000 and the S&P was knocking on the door of 7,000. But Phil Davis opened the day with a cold splash of reality in Which Way Wednesday – Dow 50,000, S&P 7,000 (almost) Edition.
The narrative theme of the day was clear: "The Great Valuation Exhaustion." Phil…
The skinny
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