2025 Market Snapshot
This snapshot provides a clear overview of year-to-date asset performance in 2026. Silver is leading with a 22% gain, followed closely by Gold at 20%, while Semiconductors are up 10%. On the downside, Bitcoin is the weakest performer, down 28%, and Bonds have delivered a modest return of approximately 1%.
Updated 2/2026
The S&P 500 Monthly Analysis
S&P 500 ETF (SPY) Monthly Analysis
The S&P 500 has pushed directly into the long-term resistance trendline that extends back to 2022 and is now trading beneath both the 10- and 20-period Hull Moving Averages. At the same time, the market energy indicator has rolled over and slipped below the zero line, signaling a loss of upside momentum.
Together, these conditions suggest rising downside risk. A decisive break below key support, coupled with an inability to print new highs, would materially increase the probability of a meaningful pullback.
Updated: 2/2026
