Tom Lee: Why Gold and Silver Are Leading Performance YTD

Описание: TOM LEE: GRNY Gold and Silver are the star performers in 2026 YTD. GRNJ holds several basic materials stocks $ALB $MP $NEU $RGLD $CCJ

•📈 Granny ETFs Performance: For the week ending 1/23/2026, GRNY fell 1.34% vs. a decline of 0.34% for the S&P 500 (-100 bps relative). GRNJ fell 2.03% vs. a decline of -0.29% for the Russell 2500 (-174 bps relative), and GRNI fell 1.13% vs. a decline of 0.34% for the S&P 500 (-80 bps relative). For 2026, year to date, GRNY gained 3.07% vs. 1.10% for the S&P 500, a relative outperformance of 197 bps.
• 🪙 Gold and Silver Lead YTD Performance: Precious metals have been the standout performers in 2026, driven by heightened geopolitical uncertainty, dovish central bank policy, currency debasement—particularly in the yen—and strong price momentum. Gold’s performance has closely tracked moves in Japan’s 10-year government bond yield, reinforcing its macro hedge characteristics, while silver has benefited from momentum and increased retail attention.
•📌 Themes Driving Performance: The primary themes contributing to performance across the Granny Shots ETFs include PMI Recovery, followed by Style Tilt, and Energy/Cybersecurity. Top performers for Large Cap are AMD, META, ANET, MNST, and TSLA. For Small- & Mid-Cap are ALB, RGLD, NXT, TWLO, and, WFRD.

About Fundstrat Capital:
Fundstrat Capital is an investment management firm led by Chief Investment Officer Tom Lee, specializing in thematic, research-driven equity strategies. The firm applies in-depth macroeconomic, industry, and market trend analysis to develop actively managed investment solutions for a broad range of investors.

About the Granny Shots Strategy:
The Fundstrat Granny Shots strategy, grounded in Fundstrat’s evidence-based research, identifies the macro forces shaping markets and applies them through a disciplined, rules-based investment approach. By integrating longer-term structural drivers with shorter-term tactical factors, the strategy seeks to deliver long-term capital appreciation.

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Disclosures: grannyshots.com
Full GRNY holdings list: grannyshots.com/grny-holdings/
Full GRNJ holdings list: grannyshots.com/grnj-holdings/
Full GRNI holdings list: grannyshots.com/grni-holdings
To see standardized performance at NAV and MKT: grannyshots.com/performance

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THE PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND IS NO GUARANTEE OF FUTURE RESULTS. INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE SO THAT AN INVESTOR’S SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. CURRENT PERFORMANCE MAY BE LOWER OR HIGHER THAN THE PERFORMANCE DATA QUOTED. FOR THE MOST RECENT MONTH-END PERFORMANCE, PLEASE CALL (212) 293-7132.

The Fundstrat ETFs are distributed by Foreside Fund Services, LLC.