In this week's weekly investment research meeting, the team reviews the stellar performance of the alternative assets, asks if it's time for gold and silver to take a breather, and looks at some interesting opportunities on the horizon.

We cover technical and macro signals, including the S&P 500 (SPY), NASDAQ 100 (QQQ), Canadian stocks, along with deep dives into gold, silver, copper, energy, and natural gas. We also examine capital rotation towards defensive assets, stretched valuations, weakening market breadth risks, and the implications of geopolitical, fiscal pressures, and monetary policy for 2026.

Additional topics include crypto and bitcoin, commodities, emerging market opportunities, and where the team sees asymmetric opportunities--and vulnerabilities developing.

This discussion is for informational purposes only and does not constitute investment advice.

In this episode, the speakers provide a comprehensive update on the performance and activities of various investment funds, particularly focusing on the 13th Floor LPs. They discuss the capital activity of Fund 3, which has shown positive returns since its inception, and delve into the ongoing investment strategies of Fund 4 and Fund 5. The conversation shifts to market trends, including the performance of the S&P 500, NASDAQ, and other indices, highlighting the current state of financials and consumer staples. The speakers also touch on the implications of recent economic indicators, such as inflation and commodity prices, and explore the potential for investment opportunities in emerging markets, particularly in Latin America and the energy sector.

The conversation provides a comprehensive overview of the current market landscape, highlighting key performance metrics, sector analyses, and the implications of geopolitical risks on economic stability. The discussion also delves into investment strategies, emerging trends in technology and commodities, and the potential impact of midterm elections on market volatility. Overall, the dialogue emphasizes the importance of understanding market dynamics and preparing for future uncertainties.