CNBC's "Fast Money" Monster Move In Metals… and Big Tech’s AI Trade gets tested 1/26/26
Jan 27, 2026
Lance Wilk, senior research analyst at Bernstein, explains Medicare rate shifts and healthcare policy impacts on insurer margins. The conversation covers record runs in gold and silver, dollar weakness and commodity flows. They also debate Big Tech’s AI spending and Nvidia’s strategic moves in the infrastructure space.
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Commodity Strength May Complicate Fed Policy
- Commodity strength is extending beyond precious metals into oil and industrials, signaling a broader commodity bull. If energy prices rise materially, it will complicate the Fed's job and inflation outlook.
Trade Meta Around Earnings Carefully
- Consider selling calls into Meta earnings if you own the stock, as upside from modest beats may be limited. Expect the market to reward any hint of expense improvement or CapEx moderation.
Tariffs Add Risk To Chip Supply Chains
- Tariff moves on South Korea introduce new geopolitical trade risk that could affect chip and memory supply chains. Markets may reprice related ETFs and semiconductor names if tariffs broaden.