It was a good week for the market, as all the players were finally back and raring to go. The action is largely dictated by Washington, D.C., and the White House. 

Energy (XLE) continues to get a bid from the capture of Maduro. Big Utilities (XLU) slumped, as the administration and business continue to focus on small independent nuclear power players. Materials (XLB) are rocking on the spike in copper.

Consumer Discretionary enjoyed a huge session on Friday after President Trump continued his efforts to curb housing affordability. 

Sector Performance

Consumer Discretionary (XLY) names rallied in front of Friday’s session on the belief that the Supreme Court of the United States (SCOTUS) would strike down the Trump International Emergency Economic Powers Act (IEEPA) tariffs. It was the top sector of the week.

Although the SCOTUS decision wasn’t made discriminatory, it enjoyed a solid session on Friday, along with Materials and Utilities.

Market Advancers

Sandisk (SNDK) continued its remarkable rally.  Semiconductors were joined by homebuyers on Friday.

Homebuilders surged as mortgage rates declined, and the administration has proposed a range of ideas to bring the American Dream back to Americans, even forcing homebuilders to increase the supply.

Small-Caps are making a convincing move, and there’s room for increased positioning.

Today’s Session

Major indices are opening lower, as investors await the start of earnings this week with banks.

Financials (XLF) are moving lower this morning following Trumps’ call for a cap on credit card interest rates.

Over the weekend, we saw news that federal prosecutors were opening an investigation into Fed Chair Jerome Powell’s over his Congressional testimony on the central banks’s $2.5 billion renovation of its headquarters.

Comments

Excellent session Saturday morning... thank you, Charles. Bullish! Charles Ruhland on 1/12/2026 9:20:03 AM

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