Bulls vs Bears – EP51 US rally broadens as MAG7 slips

Market Trends Investor focus shifting from “Magnificent 7” tech stocks to cyclical sectors Nasdaq struggling while Dow Jones Industrial Average shows resilience Rio Tinto & Glencore Merger TalksPotential merger discussions underway, driven by growing copper demand for decarbonization. US Earnings Highlights Bank of America: Q4 revenue $25.3 billion, EPS $0.82 Goldman Sachs: Revenue $13.52 billion, EPS $11.95 TSMC: Growth driven by 3nm chips and AI-related orders Global Political Developments Potential Gaza ceasefire mediated by US and Qatar Rising concerns over US-Canada trade relations and potential tariffs Commodities and FX Gold approaching record highs at $2,785 Silver nearing $31, with potential to reach $32 Copper up 11% year-to-date, indicating opportunities in related stocks