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 RatioDPZDomino's Pizza4.8337 of 5 stars4.83 / 5 stars$424.78+0.4%1.42%27.73JPMJPMorgan Chase & Co.4.3552 of 5 stars4.36 / 5 stars$208.59-0.8%2.21%11.63DALDelta Air Lines4.9869 of 5 stars4.99 / 5 stars$42.94-1.5%0.93%6.18PEPPepsiCo4.7527 of 5 stars4.75 / 5 stars$168.17+1.1%3.22%24.41 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 More From MarketBeat625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. 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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 RatioDPZDomino's Pizza4.8337 of 5 stars4.83 / 5 stars$424.78+0.4%1.42%27.73JPMJPMorgan Chase & Co.4.3552 of 5 stars4.36 / 5 stars$208.59-0.8%2.21%11.63DALDelta Air Lines4.9869 of 5 stars4.99 / 5 stars$42.94-1.5%0.93%6.18PEPPepsiCo4.7527 of 5 stars4.75 / 5 stars$168.17+1.1%3.22%24.41 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 More From MarketBeat625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored7 of the Best Stocks for Share BuybacksA highlight of every earnings season is the announcement of share buybacks. A share buyback is a corporate fin...MarketBeat“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | Sponsored7 Flying Car Stocks for Your 2024 WatchlistFlying cars have been one of the more intriguing investments for speculative investors in the last 12 months. ...MarketBeatGet out of cash before the Fed's next meeting"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all...Stansberry Research | Sponsored7 Space Stocks Growth-Oriented Investors Can Buy NowIf you're a growth-oriented investor looking for an opportunity beyond artificial intelligence (AI), space sto...MarketBeat