Market Review for January 22nd 2026
Shared by Stephen
β’ January 23, 2026
Hi there,
Yesterday, Thursday, January 22, 2026, Wall Street continued its recovery as geopolitical tensions eased further. Investors welcomed a "framework" agreement regarding Greenland and the suspension of proposed tariffs on European allies, allowing the major indices to log their second consecutive day of gains.
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π Long-Term Buy Watchlist
As a reminder, these are high-quality companies we are preparing to add to our long-term portfolio. These are not yet buys; we are waiting for their specific technical downtrends to exhaust.
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Market Review for Thursday, January 22, 2026
Overview: The "tariff reprieve" rally extended through Thursday's session. After President Trump ruled out military force in Greenland and shelved the February 1st tariffs on NATO allies, the fear gauge (VIX) dropped significantly. This helped the S&P 500 and Dow claw back a large portion of Tuesday's losses.
π Major Indices
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Dow Jones Industrial Average: Rose +0.63% (+307 points), closing at 49,384.01.
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S&P 500: Gained +0.55%, closing at 6,913.35.
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Nasdaq Composite: Jumped +0.91%, finishing at 23,436.02.
ποΈ Bonds, FX & Commodities
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US 10-Year Yield: Eased slightly to 4.25% as the immediate geopolitical flight-to-safety cooled.
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Gold: Continued its historic run, setting a new all-time high of $4,930 per ounce.
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WTI Crude Oil: Declined -2.1% to settle at $59.35 per barrel as trade war fears subsided.
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US Dollar Index (DXY): Fell -0.5% to 98.30.
π Specific Stock Performance
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META (Meta Platforms): Up +5.66% ($647.63). Led the mega-caps after ad-spend sentiment turned bullish.
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NVO (Novo Nordisk ADR): Up +4.91% ($62.23). Broke out to new highs on strong volume.
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AMD (Advanced Micro Devices): Up +1.57% ($253.73). Watchlist: Continues to show elite relative strength, significantly outperforming its peer group.
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DELL (Dell Technologies): Up +1.97% ($113.26). Watchlist: A small bounce, but still facing pricing pressure from storage suppliers. We remain patient.
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PFE (Pfizer Inc.): Up +0.81% ($26.10). Caught a steady bid as value-oriented healthcare saw interest.
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GOOGL (Alphabet Inc.): Up +0.66% ($330.54). Recovered modestly alongside the broader tech sector.
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ORCL (Oracle): Up +0.65% ($191.09). Watchlist: A steady recovery day following Tuesday's sell-off.
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FLTR.L (Flutter Entertainment): Down -1.40% (13,350.00p). Continued to struggle in London, breaking below key support levels.
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STZ (Constellation Brands): Down -1.60% ($160.72). Gave back some of its defensive gains as investors rotated back into growth.
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