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Detroit Beats Silicon Valley
Tue, Dec 30, 2025
The year is closing with a reversal no one saw coming. General Motors is hitting all-time highs, up 55% for 2025 – its best performance since emerging from bankruptcy in 2009. Five straight months of gains. Aggressive buybacks, consistent earnings beats, and looser emissions standards under Trump. Tesla, the stock that was supposed to represent the future, is up just 17%.
The market spent all year betting on artificial intelligence and data centers. It's ending with Detroit beating Silicon Valley.
Meanwhile, the infrastructure bets keep stacking. SoftBank is buying DigitalBridge for $4 billion. Nvidia completed a $5 billion investment in Intel. Waymo is in funding talks at $100 billion. But the rally that was supposed to validate them has gone quiet on empty volume.
The S&P's 17% gain trails most of the world. Hong Kong's Hang Seng is up 30.6%. Canada's TSX is up 28.3%. Japan's Nikkei is up 26.7%.
The MSCI All Country World Index fell Monday for the first time in eight sessions. The streak broke on the thinnest volume of the year. The S&P 500 drifted down 0.35%. Nvidia fell 1.2%, Tesla 3.3%, Palantir 2.4%. With investors largely done positioning into year-end, what’s left is a market asking itself whether the rally that defined 2025 has anywhere left to go.
If equities look expensive, metals didn’t offer refuge Monday. Silver touched $80 overnight before collapsing 8.7% on raised margin requirements, its worst drop since 2021. Gold fell 4.6%. Both rebounded sharply Tuesday, but the whipsaw exposed how crowded the trade has become.
The dollar has slid 9.5% against major currencies, its steepest decline since 2017. Oil jumped 2.4% to $58 as geopolitics tightened across three fronts.
The year everyone thought was about AI is closing with General Motors at all-time highs and Nvidia dragging indexes lower. Investors quietly profit-take away from crowded bets and lie in wait for the new year.
Two trading days remain.
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By The Hold ReportTue, Dec 30, 2025
The year is closing with a reversal no one saw coming. General Motors is hitting all-time highs, up 55% for 2025 – its best performance since emerging from bankruptcy in 2009. Five straight months of gains. Aggressive buybacks, consistent earnings beats, and looser emissions standards under Trump. Tesla, the stock that was supposed to represent the future, is up just 17%.
The market spent all year betting on artificial intelligence and data centers. It's ending with Detroit beating Silicon Valley.
Meanwhile, the infrastructure bets keep stacking. SoftBank is buying DigitalBridge for $4 billion. Nvidia completed a $5 billion investment in Intel. Waymo is in funding talks at $100 billion. But the rally that was supposed to validate them has gone quiet on empty volume.
The S&P's 17% gain trails most of the world. Hong Kong's Hang Seng is up 30.6%. Canada's TSX is up 28.3%. Japan's Nikkei is up 26.7%.
The MSCI All Country World Index fell Monday for the first time in eight sessions. The streak broke on the thinnest volume of the year. The S&P 500 drifted down 0.35%. Nvidia fell 1.2%, Tesla 3.3%, Palantir 2.4%. With investors largely done positioning into year-end, what’s left is a market asking itself whether the rally that defined 2025 has anywhere left to go.
If equities look expensive, metals didn’t offer refuge Monday. Silver touched $80 overnight before collapsing 8.7% on raised margin requirements, its worst drop since 2021. Gold fell 4.6%. Both rebounded sharply Tuesday, but the whipsaw exposed how crowded the trade has become.
The dollar has slid 9.5% against major currencies, its steepest decline since 2017. Oil jumped 2.4% to $58 as geopolitics tightened across three fronts.
The year everyone thought was about AI is closing with General Motors at all-time highs and Nvidia dragging indexes lower. Investors quietly profit-take away from crowded bets and lie in wait for the new year.
Two trading days remain.