The Market Brief
Good morning team and welcome to one of the most volatile weeks you’ll experience in recent times.
Let’s discuss what’s coming this week and what we will be focusing on moving forward!
Macro Viewpoint
Stock futures edged up on Monday as investors prepared for the much-anticipated U.S. presidential election.
The outcome of Tuesday’s election could significantly influence where stocks end the year.
In addition to the election, Wall Street is also preparing for the Federal Reserve's upcoming rate decision. Traders are currently pricing in a 96% likelihood of a rate cut at the end of the central bank's policy meeting.
Attention will be centered on comments from Fed Chair Jerome Powell after the meeting, as Wall Street seeks further clues about the central bank's future rate decisions.
Earnings season continues, with roughly 20% of S&P 500 companies set to report in the coming week. So far, around 70% of companies that have reported have exceeded expectations.
