Metals Mania Continues As Mag7 Lags In 2026

Broad US equity markets continued higher today (entirely shrugging off the tensions in Venezuela et al.) as new year liquidity returns and traders await labor market data this week for any signals that could shift The Fed's rate trajectory.

“We are waiting for data,” said Emilie Tetard, a cross-asset strategist at Natixis.

“Before this data, as macro uncertainty is probably stronger in the US vs. the rest of the world,