Archive - Early Morning with Dave

A Lesson in Market Gravity

Stepped-up AI capex boom has investors revising their ROI estimates.

22 hrs ago • David Rosenberg

Big Problems Emerge in the Market for Silver and Software

Cracks are surfacing in the Tech trade across stocks, bonds, and loans. But investors are rotating to value in a major way rather than building cash.

Feb 5 • David Rosenberg

Clouds Swirl Over the AI Trade; WMT Joins the $1 Trillion Club; Gold Stages a Big Revival

After all that, gold is still up an impressive +16% for the year!

Feb 4 • David Rosenberg

Tech Stocks (Especially Chips) Regain Momentum and Precious Metals Post Big Rebound

Indian equities and the rupee are in play after the tariff-slashing trade agreement with the United States

Feb 3 • David Rosenberg

Warsh Appointment Kyboshes the "Debasement" Trade

Markets correct, speculation retreats, and key reports await.

Feb 2 • David Rosenberg

January 2026

Gold and Silver Slump as Fed Chair Bets Unwind the Debasement Trade

The dollar and yields firm as metals, crypto, and Tech wobble.

Jan 30 • David Rosenberg

Gold Rally Continues as a Government Shutdown Looms

Gold and silver are hitting new highs seemingly daily — the silver chart looks parabolic. “Hi-Yo, Silver!”

Jan 29 • David Rosenberg

The Dollar’s Slump Raises the Stakes Ahead of the Fed Meeting

President Trump thinks the dollar’s decline is “great” — what will he say about the Fed’s hold today?

Jan 28 • David Rosenberg

Tech-Led Equity Rally Rolls On as the Yen Tests Key Resistance

A wobbling dollar keeps gold, silver, and FX hedges in the driver’s seat as stocks await the Fed and big-Tech earnings.

Jan 27 • David Rosenberg

Gold and Silver Rip Higher as Takaichi Trade Unwinds, the TACO Playbook Fades

Yen whiplash, fading TACO, and surging gold signal a new bout of policy-driven volatility.

Jan 26 • David Rosenberg

Europe Has More Leverage Than Commonly Portrayed

The DXY dollar index is heading for its worst week since last June, while gold is enjoying its best week since March 2020.

Jan 23 • David Rosenberg

The TACO Trade Stages a Revival With a "Framework of a Future Deal"

Did we just witness another version of the April 2nd Liberation Day reversal?

Jan 22 • David Rosenberg

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