The Trading Post | 01.23.26

Good morning,

Trump backs down on Greenland tariffs as the “TACO Trade” delivers once more, small caps extend a historic 13‑day win streak to fresh records, Intel craters double‑digits on ugly guidance, the Bank of Japan stands pat as the yen dances near intervention levels, and gold surges toward the psychological $5,000 mark as money rotates hard out of mega‑cap tech.

Brandon Wendell is hosting a free class revealing how futures trading can give you more flexibility, require less capital, and help you trade on your own schedule—even with a full-time job. 

Let’s jump in.

Yesterday’s Post-Market Performance

As of 01.22.26 market close.

Market News

• Trump blinks on Greenland tariffs, markets rip on relief: The White House walked back threatened tariffs tied to Greenland negotiations, triggering a classic risk-on reversal after an earlier selloff. Stocks surged as traders leaned back into the now-familiar “TACO Trade” playbook—sell the threat, buy the retreat. WSJ

• Small caps extend historic win streak, momentum stretched: The Russell 2000 logged its 13th straight session of outperformance and another record close, vastly outperforming the S&P 500 and Nasdaq year-to-date. Breadth remains strong, but momentum indicators are flashing overbought conditions. CNBC

• Intel collapses after hours on disastrous guidance: Intel plunged double-digits after reporting weak results and issuing deeply disappointing forward guidance, reigniting concerns around execution, manufacturing delays, and competitive losses. The miss accelerated capital rotation away from mega-cap tech. CNBC

• Bank of Japan holds rates, yen nears intervention zone: The BOJ left policy unchanged, but USD/JPY continues hovering near levels that historically invite government intervention. Traders are increasingly pricing in volatility if the pair pushes through 160. Japan Times

• Gold surges toward $5,000 as rotation accelerates: Safe-haven flows and defensive positioning pushed gold to fresh record highs near $4,950, with momentum firmly bullish as capital rotates out of growth and into hard assets. Reuters

A Message From Wealth Builders HQ

Trade Futures on Your Terms—Free Class with Brandon Wendell 

If you've ever felt stuck trading only during market hours, frustrated by account size limitations, or exhausted from being chained to your screen, this free training is for you. 

Brandon Wendell, CMT—a 20-year futures veteran and former hedge fund manager—is hosting The Emini Revolution, a complimentary class that reveals how futures trading can transform your approach to the markets. 

Inside this training, you'll discover: 

• The Flexibility of Futures Trading – Trade outside regular market hours, whether you're a night owl or juggling a 9-to-5 

• How to Grow a Smaller Account – Learn to leverage futures without tying up thousands in single positions 

• Professional Risk Management – Discover how prioritizing protection leads to consistent, scalable results 

Brandon doesn't just teach theory—he trades these markets daily and has trained thousands of students worldwide. As a Chartered Market Technician® (a credential held by less than 1% of traders), he brings institutional-level insight to everyday traders. 

This class is perfect if you: 

• Struggle to trade consistently due to time constraints 

• Feel limited by your account size 

• Want to learn spreads but they seem too complicated 

• Jump from strategy to strategy without clear results 

Register now for The Emini Revolution and discover why futures may be the most overlooked opportunity for today's traders—offering you flexibility, lower barriers to entry, and a safer path to consistent results. 

Spots are limited, so reserve your free seat today. 

Earnings We’re Watching

• Ericsson (ERIC) - Friday (BMO)

Trade Ideas

Want to learn how we trade these? Learn the setup we call the “High Volatility Switchback” trade.

Get these ideas delivered to your inbox daily with Trade With Rob. It’s 100% free. Sign up here.

Daily Moment of Zen

Why It Matters:

Every trader will lose positions. That’s not a flaw—it’s the admission ticket. What actually does damage is abandoning a plan mid-trade: cutting winners early, widening stops out of fear, or revenge-trading because the last loss “felt unfair.” Markets don’t punish bad predictions nearly as hard as they punish emotional improvisation. A small, planned loss is just data. Losing your nerve turns manageable risk into self-inflicted chaos. In volatile, rotational markets like this one, discipline is the edge—because the trader who stays calm when the tape gets loud is usually the one still standing when the move finally resolves.