Bitcoin and gold were the worst-performing major assets tracked by Creative Planning Chief Market Strategist Charlie Bilello in 2026 through Friday, Oct. 23, down 7.3% and 7.5%, respectively. Both trailed stocks, bonds and cash, but the year was not over; Bilello said it would be unprecedented for the two to finish a calendar year at the bottom together.
The Kobeissi Letter reported that roughly 92% of stocks in the GDX gold miners ETF were below their 50-day moving average, while about 90% were below their 200-day average. Similar readings preceded rallies in 2024, but they do not establish that another rebound will follow.
