Description

October 2023 proved to be a challenging month for the stock market. 

Various factors, such as geopolitical tensions, inflation fears, earnings disappointments, and the Federal Reserve's policy, caused the market to suffer a decline in sentiment and confidence. 

What are the projections for the market's performance for the remainder of the year? 

In this episode, Carson's Chief Market Strategist, Ryan Detrick & VP, Global Macro Strategist, Sonu Varghese talk about the recent market correction and its potential as a healthy adjustment. They explore how geopolitical risks may have influenced the market and remain optimistic about a year-end rally. Additionally, they speculate on the Federal Reserve's actions. 

Ryan and Sonu discuss:  

• The recent stock market correction, its causes, and the potential for a rebound 
• Previous bear markets and their impact on market returns 
• The resilience of the economy despite challenges like the pandemic 
• McDonald's positive earnings despite price increases, indicating consumer demand and potential economic signals 
• The US economy's growth post-pandemic with other countries 
• The better-than-expected Q3 GDP growth 
• The increase in government spending and defense spending 
• Three lesser-known positive indicators in the economy 
• The Federal Reserve's upcoming meeting and the likelihood of a rate hike 
• And more! 

Resources: 

• Talking Macro with Neil Dutta (Ep. 47) 
• Talking Investing Lessons with Cliff Asness (Ep. 55) 
• Talking About the Bond Bear Market with Daniel Ivascyn (Ep. 57) 

Connect with Ryan Detrick:  

• LinkedIn: Ryan Detrick 

Connect with Sonu Varghese:  

• LinkedIn: Sonu Varghese