In this morning market update, Stephen Whiteside analyzed the disconnect between deteriorating economic data and ongoing stock market strength. Consumer sentiment continues to hit record lows, historically signaling recession risks, yet investors remain focused on AI-driven momentum in large-cap technology stocks. He also examined Berkshire Hathaway’s recent underperformance compared to the S&P 500, suggesting it may reflect growing concerns about elevated market valuations and Buffett’s cautious positioning in cash.
Canadian markets moved higher following the long weekend, led by gains in materials and technology stocks while the energy sector weakened sharply alongside falling oil prices. Whiteside discussed bullish technical setups across major TSX ETFs and reviewed several heavily traded Canadian stocks, including BlackBerry, Hive Digital, and Brookfield. The presentation emphasized technical analysis, resistance levels, volatility trends, and sector rotation as traders prepare for Tuesday’s market open.
Stephen Whiteside
Tuesday, May 26, 2026
