TL;DR: We enter the Year of Our Lord 2026 with the S&P 500 at historic highs (6845.5) and Gold signaling deep structural concerns at 4319.37. While the VIX (14.95) suggests calm, the divergence between equity valuation and the flight to hard assets demands caution. The departure of Warren Buffett from the stage forces a return
Czytaj więcejAquinas Morning Capsule Special Edition: The Myth of Neutrality Monday, 29 December 2025 TL;DR: Passive isn’t neutral. January brings opportunity for the awake. Prudential Tension: 8/10 (Moral Criticality) The Thesis: Solertia vs. The Sleep of Reason As we approach the turn of the year, two realities converge: a structural market phenomenon known as the “January
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TL;DR: As 2025 concludes, markets exhibit a paradoxical calm. The S&P 500 holds near 6900, yet Gold at $4,326 signals deep structural apprehension. China’s restriction on silver exports introduces a critical material constraint for the 2026 technological horizon, challenging the assumption of infinite material abundance. The Fed’s internal division over rates reveals a fracturing efficient
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TL;DR: The S&P 500 holds firm above 6900 amidst low implied volatility (VIX 14.2), suggesting a tranquil surface. However, the sharp correction in Silver futures from record highs reveals underlying speculative froth clearing. Gold at 4356.18 signals persistent structural hedging. The market displays a stable act but retains a volatile potency in commodities. Prudential Tension
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