Tech stocks are leading markets higher ahead of today’s Federal Reserve announcement, with the S&P 500 up while the Dow lags due to a sharp selloff in health insurance stocks like UnitedHealth and Humana. Gold continues to surge, Bitcoin remains neutral, and the U.S. dollar is weakening against major currencies, benefiting currency traders and commodities.
Energy and metals are showing strength, with oil, gold, silver, and miners mostly on buy signals, while volatility remains elevated as the VIX fails to confirm the market’s recent rally. The Magnificent Seven stocks are largely bullish, though NVIDIA and Tesla are struggling, and Shopify is showing concerning weakness below November lows. Expect increased volatility after the Fed announcement at 2:00 PM.
Stephen Whiteside
Wednesday, January 28, 2026
