In today’s stock market update, Stephen Whiteside analyzes the pre-market trends, discussing key economic indicators such as the CPI report and energy inventories that could influence market direction. He highlights concerns over a potential recession, as seen in airline stocks like Delta and Air Canada, which continue to decline. The S&P 500 and Russell 2000 are testing critical support levels, with investors closely watching for signs of further downturns or a potential bounce. Whiteside explains how consumer discretionary stocks are weakening while consumer staples are strengthening, signaling a shift in investor sentiment toward recession-proof assets.
He also examines commodity trends, noting that gold remains strong despite potential pullbacks, while Bitcoin and Ethereum struggle near key technical levels. The retail and travel sectors continue to show weakness, suggesting broader economic concerns. Whiteside outlines potential market movements, emphasizing that any upcoming bounce is unlikely to sustain long-term gains. He advises viewers to stay vigilant, manage risk, and time their trades wisely based on market trends.
Stephen Whiteside
Wednesday, March 12, 2025
