Global markets are entering a very interesting phase. Gold is pulling back from recent highs, tech stocks are starting to show weakness, and commodities remain extremely volatile.
In my view, this is not the end of the macro cycle — it’s the beginning of capital rotation. Smart money is becoming more selective instead of blindly chasing hype.
Among the Mag 7, I still believe NVIDIA and Microsoft remain the strongest long-term pillars because AI infrastructure demand is far from over. But some tech valuations are becoming disconnected from real cash flow growth.
As for gold, I see the recent correction more as a healthy reset than a market top. Central bank buying, geopolitical tension, and long-term inflation concerns still support precious metals.
Oil and commodities could become the next major narrative if global supply risks increase in the second half of the year.
2026 may become the year where TradFi volatility creates the biggest opportunities for crypto-native traders.