Chip Stocks Surge as Copper Signals Global Growth
Ahead of jobless claims, markets appear calm with futures slightly positive and volatility falling. Major indexes hit new highs, but fewer stocks are participating, showing a widening gap between mega-cap tech and the broader market. Canadian markets show mild divergence, while energy remains steady and copper continues climbing as a global growth signal.
Semiconductors remain market leaders amid the AI boom, though speculative behavior is emerging. Stephen shares a case study of a stock that surged from $100 to $400 after breaking resistance, emphasizing how trend reversals create opportunity and why following market direction remains essential.
Stephen Whiteside
Thursday, April 16, 2026
