Gold has room for another bid, according to TheoTrade's Don Kaufman, who offers a bullish options trade for the SPDR Gold Shares ETF (GLD). However, he has bearish options trades for the iShares Bitcoin Trust ETF (IBIT) and Apple (AAPL). Don explains the moves behind his Big 3 while Rick Ducat offers his technical analysis for all three names.

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Anthony Saccaro sees the consumer “cracking a little bit,” and says where we go from here depends on what happens to the consumer. The softening labor market of the last few years is impacting spending, hitting GDP – and putting the Fed “in a pickle.” He thinks the economy is “late cycle.” Anthony notes that wage inflation is very sticky after unusual strength in the labor market a few years ago. He discusses how the Fed can try to hit their inflation target and how they can navigate their dual mandate.

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Since the start of 2026, Workday (WDAY) shares have fallen 40%. Earnings and a slew of downgrades didn't help the outlook picture, as Marley Kayden runs through the metrics in the report analysts took issue with. Prosper Trading Academy's Scott Bauer rounds out the bearish perspective with a put spread example options trade for Workday.

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"This is not just an important day for Nvidia, but an important day for the tech sector," says James Demmert. With Nvidia (NVDA) reporting earnings after Wednesday's closing bell, he believes CEO Jensen Huang needs to discuss a clear roadmap for the company that includes guidance and addressing a constrained supply chain. While China remains a key question mark, James calls the current stock price a "great opportunity" for buyers. Tom White turns to an example options trade for the Mag 7 leader.

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Charles Schwab's Kathy Jones sees a steeper yield curve in the future of fixed income following President Trump's State of the Union address. She later explains how inflation will serve as the key catalyst. Michelle Gibley tackles the tariff front and highlights headwinds they face in Asian countries like China and Japan.

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Barry Knapp reacts to the State of the Union address and covers what comes next for trade policy. He thinks the U.S. might have the upper hand in trade, as China will have difficulty sending its exports elsewhere as other countries build up their own manufacturing industries, but notes that the fight has only just begun. Barry walks through Fed dynamics with an incoming Chair, and thinks they need to cut rates to 3%. “We need significant bank regulatory relief,” he adds, as well as a smaller Fed balance sheet.

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Options are pricing around a 4% to 5% move in Nvidia (NVDA) following its earnings, says Kevin Green when looking at the implied volatility. However, it's not the earnings themselves that can ignite volatility, but the guidance and call afterward. He explains how Nvidia can shatter a "gridlock" constraining Wall Street. Elsewhere in the tech stack, KG talks about the continuing weakness in software in Workday's (WDAY) earnings and turns to another ETF outside IGV to watch.

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Is software a “lost industry” with the AI revolution? Steven Wieting explains the SaaS-pocalypse and examines the dispersion of AI’s impact; he likes cybersecurity still. He thinks energy and utilities will be the strongest sectors of the year, mostly from powering AI. Steven also continues to see strength in semiconductors, though he notes “a lot of idiosyncratic risk” in Nvidia (NVDA). He highlights the Alerian MLP ETF (AMLP) as a potential opportunity.

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Kevin Hincks opens the show with a simple thought: Where does all of the massive capital expenditure spending go? Nvidia (NVDA) is his answer. He and Nicole Petallides describe the significance of Nvidia's earnings release to the overall market, the tech sector and the hyperscaler customers for Nvidia. Later, he addresses President Trump's economic policy announcements during the State of the Union speech on Tuesday evening. Kevin also looks at the dip in mortgage rates, which he believes could stimulate the housing market this spring & summer.

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Erin Gibbs focuses on Ralph Lauren (RL) ahead of earnings, saying it executes better vs its peers and calling it a “well structured and well-financed stock and company.” She also sees them benefitting from the newest round of tariffs since their suppliers are mostly in Vietnam. She thinks it can easily gain another 10% this year.

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