Ideas
Long-end Treasuries risk uncontrolled yields
Feldman warns that the Treasury market is the top stress point: $38 trillion of debt and roughly $9 trillion rolling over in 2026, with long-end yields potentially going out of control even if the Fed cuts short rates. Fiscal dominance and a more politicized Fed reduce monetary-policy credibility, while power politics and central-bank diversification make Treasuries a less reliable safe haven.
Gold wins as safe haven shift
Gold is replacing Treasuries as the safe haven. 2025 marked the shift as non-US central banks bought gold to avoid dollar-denominated reserves amid a shift from globalism to power politics. Gold is also the monetary-debasement trade, has matched stocks over 25 years, and the real-asset space still has low investor participation.
S&P 500 self-refreshes, rises long-term
The S&P 500 is an excellent long-term investment because the index keeps changing components, so investors are always betting on the best American companies. Even if many individual stocks fail, the index can rise over time as it refreshes.
60/40 portfolio no longer works
He argues the traditional 60/40 portfolio is dead because bonds have delivered no return for a decade, especially after rates went near zero; for taxable investors it became return-free risk, and the fixed-income side no longer provides the intended ballast. Investors need real assets, cash, and different sectors instead.
Metals and mining can run
Within real assets, the metals and mining space can run for a long time. Even after junior silver miners doubled or tripled, market caps are not high and a very low percentage of investors have discovered the asset class, leaving room for further gains.
Mega-cap tech leads innovation returns
Innovation drives almost all long-term stock market returns, and today it is concentrated in the Mag 4 or 5 of the Mag 7. Those companies have their own capital and plenty of money to invest, unlike prior innovation cycles, so he wants exposure to the innovation side of a barbell alongside real assets.
Amazon innovates across retail, cloud, robots
Amazon is a specific innovation winner: it conquered retail, then cloud, and now is positioned to conquer robots. Feldman says it probably is not overvalued and that he would buy it if it fell 50%, making it a core quality name to deploy cash into on weakness.
AI needs electricity, boosting energy
AI cannot scale without electricity, and electricity cannot be generated without fossil fuels or renewables. He uses that dependency to tie AI innovation back to real assets, making energy a related macro theme rather than a separate speculative trade.
Silver benefits from solar and supply chains
Silver has both monetary-debasement and industrial demand support: solar panels require silver, and supply chains are reorganizing around spheres of influence, so if silver cannot come from China it must be sourced from the US. He also notes junior silver miners have doubled or tripled but market caps remain low and investor participation is still very low.
Cash is strategic with optionality
Cash is a strategic position yielding about 4%. Although taxable, it offers upside if other investments rise and downside protection plus optionality if markets crack, allowing him to deploy into quality names like Amazon after a 50% drawdown. He calls it a well-thought-out position going into 2026.
GE may buy Boeing in 2026
Boeing is a strategic US company that cannot be allowed to remain weak, and the deregulated mega-merger environment could make it a target. Feldman specifically predicts GE buys Boeing in 2026.
Alphabet may buy Spotify
Spotify is a potential mega-merger target because Alphabet/Google could buy it without antitrust concern: Apple already has Apple Music and Google already has YouTube, so music would fit strategically. Feldman predicts Alphabet buys Spotify in 2026.
Intel may see consolidation
Semiconductors are a strategic asset with Taiwan under threat, and the US government already has an investment in Intel. Feldman expects more consolidation in the space, making Intel a watch-list candidate for further strategic M&A.
This Wealthion video, published January 07, 2026,
features Steven Feldman
discussing TLT, GLD, SPY, 60/40 Portfolio, XLB, Mega-Cap Technology, AMZN, XLE, SILVER, CASH, BA, SPOT, INTC.
13 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Steven Feldman
· Tickers:
TLT,
GLD,
SPY,
60/40 Portfolio,
XLB,
Mega-Cap Technology,
AMZN,
XLE,
SILVER,
CASH,
BA,
SPOT,
INTC
