Stephen Whiteside’s Thursday morning market outlook focused on a cautious start to trading ahead of a major batch of U.S. economic data, including jobless claims. Futures were slightly lower in the pre-market, while crude oil moved back above $90 and gold fell sharply toward key support levels near its March lows. The VIX continued trending lower, supporting higher stock prices, while Bitcoin, Ethereum, and several commodity markets remained under pressure.
The video highlighted mixed sector performance across North American markets. Major U.S. indexes remained near highs, with strength in the NASDAQ 100, semiconductors, and small-cap stocks, while energy and insurance sectors weakened. Canadian banks continued outperforming U.S. banks, with several Canadian financial stocks making new highs. In contrast, major U.S. banks such as Bank of America, Citigroup, JP Morgan, and Wells Fargo showed bearish chart patterns with lower highs and growing downside risk.
Stephen Whiteside
Thursday, May 28, 2026
