The Dow Jones Industrial Average and the S&P 500 reached new record highs, concluding a strong performance for September and the third quarter. Investors are reacting positively to the economic data suggesting resilience despite interest rate concerns. The anticipation of further positive corporate earnings may continue to support this upward trend in the market.
Positive
Given the current positive sentiment in the market and the potential for favorable earnings announcements in the upcoming quarter, investors might consider positioning themselves in ETFs or stocks that track or are constituents of the S&P 500 and Dow. The overall market trend appears bullish, suggesting further upside.
Negative
Investors may want to hedge against potential volatility given that a substantial level of good news is already priced in. Stocks may face correction pressure as profit-taking occurs. Active management in stock selection will be essential in navigating this phase.
Capitalist Pig hedge fund manager Jonathan Hoenig weighs in on market rallies, his concern for everyday Americans amid inflation, and his stock pick.
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.
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.