Key Market Insights: PPI, CPI, and Major Signals You Can’t Miss This Week | Stephen Whiteside

In today's update, Stephen Whiteside from TheUpTrend.com discusses the stock market's positive sentiment in the pre-market, indicating no major negative events over the weekend. He highlights a week filled with significant economic reports, including PPI, CPI, jobless claims, and retail sales, which could lead to increased market volatility. The VIX's decline suggests potential for higher stock prices if certain levels are met, and Whiteside provides key metrics for major indices and sectors like the Dow, SPY, QQQ, and Canadian markets, alongside commodity updates. Whiteside also touches on the performance of various sectors, noting that while US and Canadian financials held up, sectors like consumer discretionary, oil and gas, and technology struggled. He ends with a look at commodities, where crude oil, gasoline, and natural gas are back on buy signals, while metals like copper remain weak, reflecting broader economic concerns. Stephen Whiteside TheUpTrend.com Monday, August 12, 2024 https://theuptrend.com/morning-market-outlook-08122024/