Launch Sequence 🚀 Feb 2 2026

Last week was absolutely chaotic in financial markets…

We had historic volatility in gold & silver, a new Fed chair nomination, wild earnings related swings in stocks, rumors of a SpaceX / Tesla merger, and a crypto selloff.

Bitcoin entered its worst drawdown since 2023, and if you’re thinking about whether to buy the dip, keep reading because we’ve got some analysis later in this edition!

After hitting all time highs earlier in the week, silver had its worst intraday selloff in history on Friday, falling over 30% at one point. Gold also sank more than 10%.

In the 11 prior instances this past century where silver was in a bull market but fell more than 10% in a day, silver’s subsequent performance looked like this:

• 1 month average: flat

• 2 month average: -7%

• 3 month average: +1%

• 6 month average: -4%

• 1 year average: -5%

• 3 year average: -28%

Statistically speaking, the reward to risk on buying the silver dip doesn’t look super compelling, but the sample size is small and the range of outcomes wide.

AI infrastructure stocks continue to soar, while anything deemed a possible AI loser is still getting crushed. That includes the entire software sector…

This week promises to be another roller coaster, with more trading volatility, a deluge of earnings reports, and key jobs market data on tap.

🔮 The Week Ahead

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