Thursday’s market outlook begins with U.S. stock index futures trading modestly higher after Wednesday’s sharp decline, although the gains are unlikely to recover the previous session’s losses. Stephen Whiteside notes that investors should remain cautious ahead of key U.S. economic data, including jobless claims, while highlighting continued relative strength in the Canadian market versus ongoing weakness in the U.S., particularly within the Nasdaq and semiconductor sectors. Individual stocks under pressure include Tesla, Nvidia, Meta, SanDisk, and Intel, while Canadian energy shares continue to outperform.
The presentation also puts recent market volatility into perspective, explaining that despite an unusually large decline, markets remain well below levels that would trigger exchange circuit breakers or widespread institutional margin calls. The video reviews technical price targets across major indexes, sectors, and actively traded stocks, discusses potential weakness in financials alongside continued strength in energy, examines opportunities in volatility ETFs, and emphasizes the importance of disciplined trend-following and risk management as traders head into August.
Stephen Whiteside
Thursday, July 30, 2026
