In today’s market update, Stephen Whiteside discusses a volatile pre-market session marked by renewed tariff tensions between the U.S. and China. Tariffs are causing widespread uncertainty, with gold prices soaring and crude oil plunging nearly $4. The energy sector is suffering, while rising fear indicators and bearish ETFs signal market weakness. The bond market is also under pressure, and China may retaliate by selling U.S. bonds, potentially driving interest rates higher.
Whiteside then reviews the performance of major stocks and ETFs, focusing on the NASDAQ 100, Magnificent 7, and key players like Apple, Tesla, Nvidia, and Shopify. While some stocks are holding support levels, others are teetering on the edge of further declines. Despite the chaos,
Whiteside reminds viewers there are still ways to profit in a falling market, emphasizing the importance of stock market timing and staying informed. He closes with encouragement to follow the trend and keep a level head amidst market “stupidity.”
Stephen Whiteside
Wednesday, April 9, 2025
