Stock Market Cycles

Stock Market Cycles

Where global capital flows meet mature cycles

Global Dominant Cycle Watch | Jan 24

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Lars von Thienen
Jan 24, 2026
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Wall Street closed a volatile week shaped by opposing forces. After a brief rebound, U.S. equities remain under pressure on a weekly basis, with the S&P 500 and Nasdaq heading for their third losing week out of four. Futures ended slightly lower into the close — a familiar pattern following short-lived relief rallies.

Risk appetite has returned selectively, but confidence remains fragile. Equities are stabilizing, yet gold and silver continue to surge simultaneously. This combination reflects a market still seeking returns while aggressively hedging tail risks.

On the corporate side, Intel dominated headlines. While earnings beat expectations and AI-driven data center demand remained strong, weaker revenue guidance due to supply constraints triggered a sharp post-market sell-off. After doubling over the past year, the stock experienced a classic sentiment reset.

Beyond equities, commodities stole the spotlight. Gold reached new all-time highs near $5,000, silver is effectively trading around $100, and energy markets showed extreme sensitivity to supply shocks, underscoring the elevated volatility regime across asset classes.


Global Time Cycle Analysis – Dominant Turning Points

The following section represents a filtered analysis of approximately 60 global core assets, including major international equity indices and futures markets. Each asset undergoes a daily time-cycle analysis designed to identify potential cyclical tops or bottoms.

Ratings above +6 or below –6 indicate assets that have entered statistically significant zones where cyclical turning points become increasingly likely. The lists below highlight the highest-priority candidates.

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