Market rally relying on recession being 'punted' to 2024: Strategist

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Entering 2023's fourth quarter following the Fed's rate pause and a shaky September session, how are markets expected to close out the year? Key Advisors Wealth Management CEO and Co-Founder Eddie Ghabour sits down with Yahoo Finance Live to discuss potential market rallies amid inflation and recession woes. 'You could see a flow of funds pour into the equity markets and get the Santa Claus rally that so many are accustomed to seeing,' Ghabour says, later adding: 'I expect October to be pretty volatile. But, again, if we can get through that noise and get through the Fed, I think there's a high likelihood you'll see the markets rally at the end of the year.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Entering 2023's fourth quarter following the Fed's rate pause and a shaky September session, how are markets expected to close out the year? Key Advisors Wealth Management CEO and Co-Founder Eddie Ghabour sits down with Yahoo Finance Live to discuss potential market rallies amid inflation and recession woes.

"You could see a flow of funds pour into the equity markets and get the Santa Claus rally that so many are accustomed to seeing," Ghabour says, later adding:"I expect October to be pretty volatile. But, again, if we can get through that noise and get through the Fed, I think there's a high likelihood you'll see the markets rally at the end of the year.

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-- Billionaire Bill Ackman would be interested in pursuing a deal with Elon Musk-owned X Corp. as part of a new investment vehicle, the Wall Street Journal reported.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonSevere Crash Is Coming for US Office Properties, Investors SayOnce Unthinkable Bond Yields Now the New Normal for MarketsCongress Averts US Government Shutdown Hours Before DeadlineAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.

 

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Earnings, September jobs report: What to watch this weekThe first week of October is off to a busy start. Yahoo Finance’s Josh Schafer takes a dive into what investors should look out for, including earnings from Levi Strauss & Co. (LEVI) and cannabis company Tilray Brands (TLRY), as well as the September jobs report expected out on Friday. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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