Outrageous Predictions
Executive Summary: Outrageous Predictions 2026
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London Quick Take – 22 Dec -Gold and silver hit fresh highs, crude rises on Venezuela tensions, FTSE edges lower
Neil Wilson
Investor Content Strategist
Note: This is marketing material. This article is not investment advice, capital is at risk.
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Gold and silver hit fresh record highs as they seemed to benefit from some end-of-year hedging by investors. Spot gold climbed almost 2% to $4,420 while silver rallied to a new all-time high at $69.45 overnight. The structural tailwinds that have driven both of these to record highs this year persist, be it central bank demand for gold or surging industrial demand for silver. The latest surge comes after soft inflation and employment readings in the US last week, which reinforced expectations around the Fed’s policy easing next year. Geopolitics remains a factor, too, and crude oil prices jumped after the US escalated its tanker standoff with Venezuela, intercepting another vessel off the coast of South America. Brent crude rose above $61 after plumbing one-year lows last week. Geopolitics for show, fundamentals for dough...
Stocks were mixed in Europe at the open at the start of the holiday-shortened trading week. The FTSE 100 edged down about 0.4% despite gains for the miners as sterling traded at $1.34, near the top of its recent range. Paris fell and Frankfurt traded a shade higher. Wall Street finished Friday stronger but it was a mixed week as the S&P 500 and Nasdaq Composite both had their third winning week out of four, while the Dow Jones, which has outperformed over the month, fell 0.7% on the week.
There were some big moves on the boards among some of the most popular and badly beaten up retail stocks - AI name CoreWeave jumped 22% after being very badly bruised of late. AI stablemate Nebius rose 15%. The space economy was in focus as both Rocket Lab and AST SpaceMobile rocketed. BitMine Technologies rose 10% and D-Wave Quantum and Oklo were up 7%.
This week we get some more data – US GDP update, jobless claims and consumer confidence surveys – to colour our view of whether the Fed is going to find it easy going to go easy with monetary policy next year. The problem is the quality of any data post-shutdown is questionable. Data this morning showed the UK economy grew less than previously thought. Both the US and UK have problems with data gathering.
Investors are looking for whether the Santa Rally emerges this year or not – at stretched valuations, AI capex worries and a bit of internal damage it could be tougher but a slow grind up could yet materialise. We might see more of a Yule Rotation than anything else.
I had a look at some key investing themes for 2026 here
Stocks were mixed in Europe at the open at the start of the holiday-shortened trading week. The FTSE 100 edged down about 0.4% despite gains for the miners as sterling traded at $1.34, near the top of its recent range. Paris fell and Frankfurt traded a shade higher. Wall Street finished Friday stronger but it was a mixed week as the S&P 500 and Nasdaq Composite both had their third winning week out of four, while the Dow Jones, which has outperformed over the month, fell 0.7% on the week.
There were some big moves on the boards among some of the most popular and badly beaten up retail stocks - AI name CoreWeave jumped 22% after being very badly bruised of late. AI stablemate Nebius rose 15%. The space economy was in focus as both Rocket Lab and AST SpaceMobile rocketed. BitMine Technologies rose 10% and D-Wave Quantum and Oklo were up 7%.
This week we get some more data – US GDP update, jobless claims and consumer confidence surveys – to colour our view of whether the Fed is going to find it easy going to go easy with monetary policy next year. The problem is the quality of any data post-shutdown is questionable. Data this morning showed the UK economy grew less than previously thought. Both the US and UK have problems with data gathering.
Investors are looking for whether the Santa Rally emerges this year or not – at stretched valuations, AI capex worries and a bit of internal damage it could be tougher but a slow grind up could yet materialise. We might see more of a Yule Rotation than anything else.
I had a look at some key investing themes for 2026 here
Read my look at some ideas for 2026 here.
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