In today’s update, Stephen Whiteside from TheUpTrend.com reflects briefly on the significance of September 11th before shifting focus to the financial markets. He notes strength in stock index futures during the pre-market, with commodities weaker and Bitcoin showing signs of life. While optimism continues around a potential Fed rate cut, Stephen highlights the risk of a turning point when the official announcement arrives. The VIX remains subdued, keeping the broader outlook bullish for now.
Across sectors, Canadian markets posted new highs with Cenovus and Teck leading gains, while Constellation Software lagged. In the U.S., Oracle surged sharply outside its expected range, while Salesforce and Synopsys disappointed. Broadcom shone in the Nasdaq 100, while The Trade Desk and small caps pulled back. Bonds rallied, yields fell, and Bitcoin looks poised for a potential buy signal, with Ethereum stuck in consolidation. Investors are watching key economic numbers at 8:30 for the next market catalyst.
Stephen Whiteside
Thursday, September 11, 2025
