A Volatile Week Ahead

Today’s video from TheUpTrend.com highlights a turbulent start to the week in financial markets. Pre-market data shows stock index futures declining, with the Nasdaq leading the drop. Commodities are mixed, with crude oil up 2% and gold down. Bitcoin also slid $3,000 in the pre-market. The week is expected to bring volatility, driven by significant economic reports, including PPI, CPI, jobless claims, and retail sales. Elevated fear levels are indicated by a buy signal for the VIX and its ETFs, hinting at bearish sentiment. Bonds continue to weaken, pushing yields higher, while junk bonds and financial stocks reflect risk-off sentiment. Major indexes like the Dow, S&P 500, and Nasdaq are all on sell signals, showing consistent lower highs and lows. The video also dives into sector-specific movements. Financials, both in Canada and the U.S., are experiencing declines, with U.S. banks testing October lows. Energy and commodity markets present mixed signals, as crude oil rises while gold and silver miners face limited interest. The presenter emphasizes Stephen Whiteside TheUpTrend.com Monday, January 13, 2025 https://theuptrend.com/morning-market-outlook-01132025/