S&P 500 Vs. TSX - Which Leads Next?

In this episode, Tom Bruni, director of community and content for the CMT Association, and Sid Mokhtari, executive director at CIBC World Markets, 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, even as leadership shifts away from the biggest technology names. Mokhtari highlights why the S&P/TSX Composite Index 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.