Stock Market Update 10/9/23 | Higher Interest Rates for a Longer Time Hosted by MarketBeat StaffOctober 8, 2023 ShareLink copied to clipboard. Play video for Stock Market Update 10/9/23 | Higher Interest Rates for a Longer TimeDetailsGuestsIn this video, Thomas Hughes talks about how the market is finally starting to get it. The higher for longer scenario literally means high-interest rates for a long time. This has the S&P 500 selling off and confirming the near-term downtrend and on track to shed a few handles over the next few weeks. The next major hurdle for this market will come this week with the CPI report. The CPI should be expected to show acceleration from the previous month and cement the idea the FOMC will hike rates again this year. The next meeting is about 3 weeks away, and the odds for a rate hike are growing.Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioJPMJPMorgan Chase & Co.4.3909 of 5 stars$306.44-2.7%1.96%14.68DALDelta Air Lines4.7592 of 5 stars$73.06-0.4%1.03%10.65PEPPepsiCo4.2863 of 5 stars$156.29+0.2%3.64%24.54 Compare These Stocks Add These Stocks to My Watchlist Don Miller, GuestSenior Content Manager, MarketBeatDon serves as the editorial supervisor and oversees the overall production, from idea generation to publication. He keeps an eye on our network of news websites and is one to help facilitate the creation of content and manage the freelance writers we work with. Building, creating and growing a team is the most inspiring part of his job. He brings a very diverse work experience to the table. From seminary, ministry and government to internet marketing and freelance writing; Don has seemingly done it all. He has even written for ESPN once upon a time.Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. 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Hosted by MarketBeat StaffOctober 8, 2023 ShareLink copied to clipboard. Play video for Stock Market Update 10/9/23 | Higher Interest Rates for a Longer TimeDetailsGuestsIn this video, Thomas Hughes talks about how the market is finally starting to get it. The higher for longer scenario literally means high-interest rates for a long time. This has the S&P 500 selling off and confirming the near-term downtrend and on track to shed a few handles over the next few weeks. The next major hurdle for this market will come this week with the CPI report. The CPI should be expected to show acceleration from the previous month and cement the idea the FOMC will hike rates again this year. The next meeting is about 3 weeks away, and the odds for a rate hike are growing.Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioJPMJPMorgan Chase & Co.4.3909 of 5 stars$306.44-2.7%1.96%14.68DALDelta Air Lines4.7592 of 5 stars$73.06-0.4%1.03%10.65PEPPepsiCo4.2863 of 5 stars$156.29+0.2%3.64%24.54 Compare These Stocks Add These Stocks to My Watchlist Don Miller, GuestSenior Content Manager, MarketBeatDon serves as the editorial supervisor and oversees the overall production, from idea generation to publication. He keeps an eye on our network of news websites and is one to help facilitate the creation of content and manage the freelance writers we work with. Building, creating and growing a team is the most inspiring part of his job. He brings a very diverse work experience to the table. From seminary, ministry and government to internet marketing and freelance writing; Don has seemingly done it all. He has even written for ESPN once upon a time.Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube
