In today’s Markets in Motion, tech stocks are under pressure after a week of sharp declines. Michael Burry’s call on a potential technology top is back in the spotlight, and Peter Thiel’s decision to exit his NVIDIA position has added even more attention ahead of the company’s earnings report tomorrow. With sentiment shifting, investors are watching closely to see how NVIDIA’s numbers land.

While tech struggles, resources continue to show relative strength. Gold has performed well throughout the year, and despite some recent choppiness, precious metals remain one of the market’s stronger areas. Base metals have also seen renewed activity as capital begins looking beyond large-cap tech.

Mark notes a familiar historical pattern: when metals run, energy often follows. Although oil prices have been range-bound around sixty dollars, oil equities are starting to move. That early uptick in energy stocks could signal the beginning of a broader rotation into resources and materials as investors diversify away from tech.

With the Federal Reserve’s December meeting approaching, markets are preparing for another potential catalyst — and today’s momentum suggests positioning is already underway.

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