The Dow snapped its three-week losing streak on Friday, tacking on more than 1,200 points to secure its best day since May and close at a new record high.

Gold just soared to some of its most-overbought levels on record, climaxing its largest cyclical bull ever. That was followed by one of gold’s worst down days in history, formally slaying that monster bull.

ConocoPhillips reported strong cash flow yesterday and said it would pay shareholders 45% of its operating cash flow. That makes COP stock look cheap.

We should expect rising layoffs going into 2026.