In this March 4, 2026 morning market outlook, Stephen Whiteside reviews a sharp market selloff that pushed major U.S. indices back to levels not seen since November. The Dow, S&P 500, Nasdaq, and financials broke key support levels, with volatility spiking and the VIX reaching upside targets. Canadian markets also returned to sell signals, while traders are watching whether buyers step back in after Tuesday’s extreme move outside the average true range.
Gold reversed higher after testing its lower channel line, crude oil was steady pre-market, and bond markets experienced wide swings. The U.S. dollar strengthened as a safe haven, pressuring currencies like the euro and Canadian dollar. Meanwhile, Bitcoin and crypto-related stocks remained on buy signals, though Whiteside cautions that cryptocurrencies are best viewed as trading vehicles rather than long-term investments.
Stephen Whiteside
Wednesday, March 4, 2026
