GOLD: Word of Caution - Melt Up Before The Crash | Mark Newton
The S&P 500 and NASDAQ keep breaking records — but market breadth is collapsing, and only a handful of stocks are driving the rally.
Is this the final melt-up before a major correction, or just the start of something bigger?
Fundstrat’s Head of Technical Strategy Mark Newton joins me to break down what’s really powering this market, how long momentum can last, and where investors should look next.
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Thank you to our #sponsor MONEY METALS. Make sure to pay them a visit: https://bit.ly/BUYGoldSilver
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Mark Newton’s X: https://x.com/MarkNewtonCMT
Fundstrat Website: https://www.fundstrat.com/
FS Insight (Retail Research): https://fsinsight.com/
Recorded on October 29th, 2025.
Timestamps
00:00 Intro
00:21 Are we in an equity melt-up?
01:10 Tech dominance & market divergence
03:08 Breadth collapse – danger or distraction?
04:40 Why only a few sectors matter right now
05:19 What a technical strategist actually does
06:41 How Mark filters out the media noise
08:27 Seasonality and the “buy-the-dip” myth
09:45 Can this rally last through year-end?
11:12 Fear vs Greed – the market’s split personality
12:17 Why 2025 isn’t 1999 (yet)
14:18 AI euphoria, valuations & productivity
15:47 The Fed’s next move – rate cuts into strength?
17:00 Housing, inflation & deflationary forces
17:54 Subprime auto loans & credit risks
19:15 Breakdown signals to watch
20:20 Sentiment, momentum & the contrarian case
22:13 The metals correction – next leg down?
23:37 Why gold may turn into a trading market
24:29 Dollar outlook & rates
25:40 What investors should watch into year-end
27:10 The “momentum mindset” every investor needs
28:28 Where to follow Mark’s work
30:20 His “Granny ETF” success story
31:30 Wrap-up & closing thoughts
*Disclaimer:*
Some of the links presented might be affiliate links. We might receive a commission if a purchase is made using those links!
Unless specifically disclosed, all information available on Soar Financial and its affiliates or partners should be considered as non-commercial in nature. None of the content produced by Soar Financial should be considered an endorsement, offer or recommendation to buy or sell securities. Soar Financial is not registered with any financial or securities regulatory authority in Canada, the US, Europe, or the UK, and does not provide, nor claim to provide, investment advice or recommendations to any consumer of the content that Soar Financial produces and publicizes. Always do your own due diligence and/or consult a qualified legal, tax, or investment professional if personal advice is deemed necessary.
Soar Financial and its related companies (including its directors, employees, and representatives) or a connected person may hold equity positions in securities detailed in communications. When this occurs a disclosure will be made. Disclosures on social media will be made using the hashtag #coi (short for conflict of interest).
Soar Financial, its affiliates, and their respective directors, officers, employees, or agents expressly disclaim any liability for losses or damages, whether direct, indirect, special, or consequential, or other consequences, howsoever caused, arising out of any use or reproduction of this site or any decision made or action taken in reliance upon the produced content of Soar Financial, whether authorized or not. By accessing Soar Financial’s content, each consumer of Soar Financial content releases Soar Financial, its affiliates, and their respective officers, directors, agents, and employees from all claims and proceedings for such losses, damages, or consequences.
#MarkNewton #Fundstrat #StockMarket #MeltUp #NASDAQ #SP500 #AIStocks #MomentumTrading #FederalReserve #InterestRates #Gold #Silver #Commodities #USDollar #TechnicalAnalysis #Seasonality #Investing #MacroEconomics #SoarFinancially #KaiHoffmann
Is this the final melt-up before a major correction, or just the start of something bigger?
Fundstrat’s Head of Technical Strategy Mark Newton joins me to break down what’s really powering this market, how long momentum can last, and where investors should look next.
----------
Thank you to our #sponsor MONEY METALS. Make sure to pay them a visit: https://bit.ly/BUYGoldSilver
------------
Mark Newton’s X: https://x.com/MarkNewtonCMT
Fundstrat Website: https://www.fundstrat.com/
FS Insight (Retail Research): https://fsinsight.com/
Recorded on October 29th, 2025.
Timestamps
00:00 Intro
00:21 Are we in an equity melt-up?
01:10 Tech dominance & market divergence
03:08 Breadth collapse – danger or distraction?
04:40 Why only a few sectors matter right now
05:19 What a technical strategist actually does
06:41 How Mark filters out the media noise
08:27 Seasonality and the “buy-the-dip” myth
09:45 Can this rally last through year-end?
11:12 Fear vs Greed – the market’s split personality
12:17 Why 2025 isn’t 1999 (yet)
14:18 AI euphoria, valuations & productivity
15:47 The Fed’s next move – rate cuts into strength?
17:00 Housing, inflation & deflationary forces
17:54 Subprime auto loans & credit risks
19:15 Breakdown signals to watch
20:20 Sentiment, momentum & the contrarian case
22:13 The metals correction – next leg down?
23:37 Why gold may turn into a trading market
24:29 Dollar outlook & rates
25:40 What investors should watch into year-end
27:10 The “momentum mindset” every investor needs
28:28 Where to follow Mark’s work
30:20 His “Granny ETF” success story
31:30 Wrap-up & closing thoughts
*Disclaimer:*
Some of the links presented might be affiliate links. We might receive a commission if a purchase is made using those links!
Unless specifically disclosed, all information available on Soar Financial and its affiliates or partners should be considered as non-commercial in nature. None of the content produced by Soar Financial should be considered an endorsement, offer or recommendation to buy or sell securities. Soar Financial is not registered with any financial or securities regulatory authority in Canada, the US, Europe, or the UK, and does not provide, nor claim to provide, investment advice or recommendations to any consumer of the content that Soar Financial produces and publicizes. Always do your own due diligence and/or consult a qualified legal, tax, or investment professional if personal advice is deemed necessary.
Soar Financial and its related companies (including its directors, employees, and representatives) or a connected person may hold equity positions in securities detailed in communications. When this occurs a disclosure will be made. Disclosures on social media will be made using the hashtag #coi (short for conflict of interest).
Soar Financial, its affiliates, and their respective directors, officers, employees, or agents expressly disclaim any liability for losses or damages, whether direct, indirect, special, or consequential, or other consequences, howsoever caused, arising out of any use or reproduction of this site or any decision made or action taken in reliance upon the produced content of Soar Financial, whether authorized or not. By accessing Soar Financial’s content, each consumer of Soar Financial content releases Soar Financial, its affiliates, and their respective officers, directors, agents, and employees from all claims and proceedings for such losses, damages, or consequences.
#MarkNewton #Fundstrat #StockMarket #MeltUp #NASDAQ #SP500 #AIStocks #MomentumTrading #FederalReserve #InterestRates #Gold #Silver #Commodities #USDollar #TechnicalAnalysis #Seasonality #Investing #MacroEconomics #SoarFinancially #KaiHoffmann
