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Joel Elconin – Tech Weakness or “Software Massacre” & Commodities Volatility 

Cory
January 29, 2026

 

In this episode of the KE Report, we chat with Joel Elconin, Co-host of Pre-Market Prep and Founder of the Stock Trader Network, to dissect a sea of red across the tech sector, metals markets volatility, and a pivotal moment for the broader markets.

 

Key Discussion Points:

 

  • Software’s Identity Crisis: Why AI’s ability to write code is making software companies like Microsoft ($MSFT), ServiceNow ($NOW), and Salesforce ($CRM) vulnerable.
  • The S&P 7000 Barrier: Analyzing the technical rejection at all-time highs and whether the market is forming a topping pattern.
  • Inflation & Commodities: How the moves in Silver ($SLV), Copper ($CPER), and Oil ($USO) suggest that inflation is far from dead, keeping the Fed on pause.
  • The Ruthless Machines: The role of algorithmic trading and zero-day options in amplifying market swings and “slamming bids” without regard for fundamentals.
  • Value Rotation: Why the smart money is moving toward lower P/E stocks and “old economy” winners like General Motors ($GM).

 

Click here to visit Joel’s PreMarket Prep websitehttps://www.premarketprep.com/

 

Click here to visit the Stock Trader Network – https://www.stocktradernetwork.com/

 


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Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

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