In today’s video, Stephen Whiteside from TheUpTrend.com provides a detailed analysis of the current stock market trends following Friday’s significant downturn. He explains how breaking recent lows indicates potential challenges ahead for the market. Whiteside discusses rising bond yields, upward pressure on interest rates, and their negative implications for stocks and the Federal Reserve’s goals. He highlights commodity price increases, such as crude oil, natural gas, and gold, which may benefit the Canadian market but add downward pressure to global stock markets. Additionally, he delves into the Russell 2000 and the equal-weighted S&P 500 breaking critical support levels, signaling a bearish sentiment.
The analysis also covers sector-specific trends, including the underperformance of bank stocks, the rise in the energy sector, and the disconnect between commodity prices and commodity-related stocks during a market sell-off. Whiteside emphasizes risk management, encouraging investors to sell into strength regularly, citing Rigetti Computing as an example of the market’s volatility. He closes with a reminder of the importance of market timing and invites viewers to visit TheUpTrend.com for more insights.
Stephen Whiteside
TheUpTrend.com
Saturday, January 11, 2025
