In Tuesday’s premarket update, Stephen Whiteside highlights key market movements ahead of retail sales data and the Federal Reserve’s announcement. Intel is up while the broader chip sector, including ARM and Micron, is down. Apple, Nvidia, and Tesla saw minor pullbacks, with Tesla nearing a sell signal.
Whiteside discusses bond market trends, noting a significant shift in rate cut expectations, as well as all-time highs in the Dow and TSX 60. Consumer staples, real estate, and utilities hit new highs, while tech stocks struggled. Energy and mining stocks are showing signs of a potential upward trend.
Stephen Whiteside
TheUpTrend.com
Tuesday, September 17, 2024
