US equity futures declined as artificial-intelligence concerns damped sentiment, with Wall Street poised to resume trading after a holiday break. US Treasuries (TLT) edged higher, and gold slid. Contracts on the Nasdaq 100 index retreated 0.8%, and those on the S&P 500 dipped 0.4% as all members of the Magnificent Seven US tech stocks declined in premarket trading. A gauge of perceived risk in US high-grade corporate credit reached its highest since Nov. 25. Spot gold dropped toward $4,900 an ounce.

Silver and gold fell in early premarket trading on Tuesday as investors awaited delayed economic data, with little geopolitical news during the holiday-shortened week. Silver ETFs, including ProShares Ultra Silver, were down 7% in premarket, while iShares Silver Trust and ABRDN physical silver fell just over 3%. This is probably the dip you buy, as everything else looks terrible.

as Iran-US nuclear talks continue. Why are we having nuclear talks when the US destroyed all its weapons-grade uranium in a bombing raid? All oil rallies are temporary as massive supply will hit the market on a Venezuela output recovery and a Ukraine peace deal. Avoid all oil plays.

after it became the latest travel company to point to resilient premium demand as budget-conscious customers pull back. Hotel operators Marriott (MAR) and Hilton (HLT), and airlines such as United (UAL) and Delta (DAL) are banking on resilient demand from high-end travelers in 2026, a trend that reflects a worsening K-shaped economy in the U.S.

About 30% of S&P 500 stocks moved over 20% in three months, double the 15% average, despite low market volatility. AI demand boosts chip makers, while software stocks have crashed; commodity miners and some consumer discretionary stocks also have fallen. Increased inflows into hedge funds, with $3.5 billion in stock purchases this year, are exacerbating extreme stock price movements.