In today’s market update, Stephen Whiteside highlights the volatility in pre-market trading, driven by international tensions and upcoming U.S. PPI data. He notes a rebound in U.S. indices such as the S&P 500, NASDAQ 100, and semiconductors after hitting intra-week lows. Gold surged while crude oil and bonds faced a rough week. The Canadian dollar strengthened slightly due to a weaker U.S. dollar. A pattern of inside days across many stocks and ETFs suggests market indecision following Wednesday’s volatility.
Whiteside also reviews individual stock performances, including notable movements in gold stocks like Kinross and Newmont Mining. He flags buy signals for stocks such as Nvidia, Lucid, and Palantir, while others like Alibaba continue to struggle. The overall message is one of caution—despite some bullish signals, market uncertainty remains high. He advises waiting for confirmation of buy signals before making aggressive moves.
Stephen Whiteside
Friday, April 11, 2025
