S&P 500 Support Just Broke: Big Money Unwind Spreads | Gareth Soloway

The stock market whiplashed after a hawkish 9-3 Federal Reserve hold, but the real story is the massive unwinding in the semiconductor sector. Recorded midday Pacific, July 29, during the post-Fed reversal. Markets sold off into the close, with the Nasdaq 100 ending in correction territory. South Korea's KOSPI has crashed 33% this month, and memory chip giants like SanDisk are down 57% in just 30 days. Is the AI CapEx bubble bursting?In this episode, Gareth Soloway, Chief Market Strategist at Verified Investing, breaks down exactly why the tech unwind is spreading and shares the exact trendline where he is contrarian-buying the chip crash. Gareth also maps out the S&P 500's critical "line in the sand," explains why the New York Fed is flashing a credit market warning, and details the structural global forces driving his long-term $13,000 gold target.Recorded July 29 2026Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) Follow Gareth Soloway on X: @GarethSoloway (https://x.com/GarethSoloway)CHAPTERS:00:00 Fed Hold Market Whiplash01:02 Hawkish Hold Breakdown01:57 Markets React Dollar Slides03:46 Gold Reversal Key Level05:39 Breakout Confirmation Checklist06:27 Dollar Oil Jobs Drivers08:43 Gold 13,000 Cycle Thesis10:28 Calculator Inputs Scenarios15:24 Buying Plan Physical Vs Trade16:43 Miners Setup GDX Newmont17:36 Silver Surge Chart Warning19:00 Silver Lag Risk19:31 Gold Over Silver20:34 AI CapEx Doubts21:54 KOSPI Support Setup22:14 Leverage ETF Unwind23:38 Semi Cycle Snapback24:50 NASDAQ Bear Signals26:16 S&P Line In Sand27:30 Yields Inflation Doubts28:35 Rotation To Defensives29:51 Credit Stress Warning30:46 Oil Topping Pattern32:58 Key Levels Tomorrow34:21 SanDisk Bounce Trade35:42 Wrap Up And Question #KitcoNews #GarethSoloway #StockMarketCrash #GoldPrice #Semiconductors #FederalReserve #TechnicalAnalysis #Investing #MarketCrash #S&P500 #Silver #Commodities__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.