Oil Back Over $100 Ahead of Fed – Morning Market Outlook
Stocks are quiet ahead of the Fed meeting, with crude oil rising back above $100 while gold slips and index futures trade slightly higher. Bond yields have been rising, the VIX remains on a sell signal, and recent TSX weakness is largely tied to sharp pullbacks in Celestica, Cameco, and Wheaton Precious Metals. In the U.S., the S&P 500 pulled back slightly and the NASDAQ showed short-term bearish action while still holding a broader buy signal.
Energy remains a strong sector as oil and gasoline rise, while miners and smaller-cap stocks show weakness. Several actively traded stocks were reviewed for volatility using the Flypaper Channel and average true range, emphasizing comparing stocks within the same sector. Investors are reminded to balance risk, volatility, and portfolio goals while waiting for key economic data and the Fed announcement.
Stephen Whiteside
Wednesday, April 29, 2026
