THE HORIZON | JANUARY 2026
THE HOLLOW RALLY
The S&P 500 has printed fresh highs above 6,900. Volatility is subdued. Credit spreads are tight. On the surface, markets look stable.
Under the hood, the system’s shock absorbers are gone.
This is The…
The S&P 500 has printed fresh highs above 6,900. Volatility is subdued. Credit spreads are tight. On the surface, markets look stable.
Under the hood, the system’s shock absorbers are gone.
This is The…
