In today’s market update, Stephen Whiteside from TheUpTrend.com analyzes the latest stock market trends, noting mixed futures performance and notable highs from Costco and Palantir. He highlights concerns in the bond, currency, and options markets, where risk-off sentiment is evident. Key indices like the S&P 500 and Nasdaq remain volatile, with some sectors, including technology, facing declines. Meanwhile, consumer staples, utilities, and energy performed well as investors sought safety.
Whiteside also examines the Canadian market, where materials and communication services showed resilience, while industrials, healthcare, and financials declined. The session wraps up with a review of commodities, noting continued strength in gold and coffee prices. While market direction remains uncertain, Whiteside emphasizes the importance of trend-following and invites viewers to stay informed via TheUpTrend.com.
Stephen Whiteside
TheUpTrend.com
Tuesday, February 4, 2025
