S&P 500 Support Just Broke: Big Money Unwind Spreads | Gareth Soloway

The stock market whiplashed after a hawkish 9-3 Federal Reserve hold, but the real story is the massive unwinding in the semiconductor sector. Recorded midday Pacific, July 29, during the post-Fed reversal. Markets sold off into the close, with the Nasdaq 100 ending in correction territory. South Korea's KOSPI has crashed 33% this month, and memory chip giants like SanDisk are down 57% in just 30 days. Is the AI CapEx bubble bursting? In this episode, Gareth Soloway, Chief Market Strategist at Verified Investing, breaks down exactly why the tech unwind is spreading and shares the exact trendline where he is contrarian-buying the chip crash. Gareth also maps out the S&P 500's critical "line in the sand," explains why the New York Fed is flashing a credit market warning, and details the structural global forces driving his long-term $13,000 gold target. Recorded July 29 2026 Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) Follow Gareth Soloway on X: @GarethSoloway (https://x.com/GarethSoloway) CHAPTERS: 00:00 Fed Hold Market Whiplash 01:02 Hawkish Hold Breakdown 01:57 Markets React Dollar Slides 03:46 Gold Reversal Key Level 05:39 Breakout Confirmation Checklist 06:27 Dollar Oil Jobs Drivers 08:43 Gold 13,000 Cycle Thesis 10:28 Calculator Inputs Scenarios 15:24 Buying Plan Physical Vs Trade 16:43 Miners Setup GDX Newmont 17:36 Silver Surge Chart Warning 19:00 Silver Lag Risk 19:31 Gold Over Silver 20:34 AI CapEx Doubts 21:54 KOSPI Support Setup 22:14 Leverage ETF Unwind 23:38 Semi Cycle Snapback 24:50 NASDAQ Bear Signals 26:16 S&P Line In Sand 27:30 Yields Inflation Doubts 28:35 Rotation To Defensives 29:51 Credit Stress Warning 30:46 Oil Topping Pattern 32:58 Key Levels Tomorrow 34:21 SanDisk Bounce Trade 35:42 Wrap Up And Question #KitcoNews #GarethSoloway #StockMarketCrash #GoldPrice #Semiconductors #FederalReserve #TechnicalAnalysis #Investing #MarketCrash #S&P500 #Silver #Commodities __________________________________________________________________ Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US: X: https://x.com/kitconewsnow Instagram: https://www.instagram.com/kitconews Facebook: https://www.facebook.com/KitcoNews LinkedIn: https://www.linkedin.com/company/kitconews Listen to the PODCAST on 🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof 🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233 🎧 All podcast episodes available here → https://kitconews.buzzsprout.com Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights. Live gold price and chart: https://www.kitco.com/charts/gold Live silver price and chart: https://www.kitco.com/charts/silver Live crypto market data: https://www.kitco.com/price/crypto Learn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video. Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.