Markets are ‘teetering’ ahead of key economic data: CEO Scott Bauer | Fox Business Video

Scott Bauer, the CEO of Prosper Trading Academy, discusses the current state of financial markets, which are described as ‘teetering’ as investors await significant economic data releases. He highlights the cautious market sentiment and emphasizes the importance of key upcoming data in influencing market direction. Both Bauer and Tim Urbanowicz, head of research at Innovator Capital, also share their insights on potential ETF picks amid this uncertain climate.

Read full article

Stock Forecasts

AI prediction results, not representative of any investment advice.

SPY View SPY chart on TradingView

Negative

Given the 'teetering' state of the markets, there is a likelihood of increased volatility in the short term. Investors might want to look for ETFs that can provide some level of hedge or defensive positioning. If economic data comes in weaker than expected, the markets could see a downturn, impacting broad ETFs negatively.

QQQ View QQQ chart on TradingView

Positive

Alternatively, if the economic data surprises positively, it could lead to a market rally. In such a case, growth-focused ETFs might benefit as investor confidence rises. However, caution is advised due to the uncertainty ahead of the reports.

Related News

Inflation is not ‘dead at all’ despite ‘coming down’: Hoenig | Fox Business Video

Capitalist Pig hedge fund manager Jonathan Hoenig weighs in on market rallies, his concern for everyday Americans amid inflation, and his stock pick.

SPY

Jamie Dimon warns of 'critical issues' that could affect US economy

Oct 11, 2024, 12:25 PM

JPMorgan Chase & Co. chief Jamie Dimon on Friday sounded the alarm about "critical risks" to the U.S. economy in the bank's third quarter earnings report.

SPY

Idea that Fed has managed this soft landing 'is starting to take hold': Kenny Polcari | Fox Business Video

Slatestone Wealth Chief Market Strategist Kenny Polcari discusses the market rallying following the inflation report, Jamie Dimon's warning of geopolitical risks, and how he fared during Hurricane Milton.

SPY

TLT