In this MoneyShow MoneyMasters Podcast episode, I sit down with Tom Bruni, director of community and content for the CMT Association, and Sid Mokhtari, executive director at CIBC World Markets, to break down the current market environment in the US and Canada — and where investors should focus next.
Bruni explains why improving market breadth and healthy sector rotation continue to support the broader bull market case for the S&P 500 Index ($SPX), even as leadership shifts away from the biggest technology names. Mokhtari highlights why the S&P/TSX Composite Index ($TXCX) has been outperforming, pointing to Canada’s heavier exposure to financials, energy, gold, and other value-oriented sectors.
The conversation also covers the recent momentum breakdown in semiconductors, opportunities emerging in software and financials, the outlook for gold and precious metals, and why energy stocks may offer attractive long-term setups both north and south of the US/Canada border. Bruni also points to natural gas equities as an area worth watching despite choppy commodity prices.
The guests then discuss market risks — including seasonality, crowded positioning, and potential volatility. Plus, they cover practical technical analysis tools and indicators investors can use to improve decision-making. Those include trend strength, momentum gauges, market breadth, support and resistance levels, and timeframe evaluation.
If you want a clear look at where money is rotating, what could lead the next leg of the markets in North America, and how technical analysts are approaching stocks, commodities, and risk right now, this is the episode for you.
Relevant tickers for this podcast include: (CVX) (EWC) (FCG) (GDX) (GLD) (QQQ) (SOXX) (SU) (UNG) (USO) (XLE) (XLF) (XOM) (XOP) and (SPY).