WFC, NEE, O: The Markets Will Tread Water Until There Is Inflation Clarification

3Q earnings are expected to slightly dip overall, notes David Dietze. He discusses how the Middle East conflict is impacting energy, defense, and could produce a new house speaker. He talks about the market implications from the Israel-Hamas conflict. He outlines how markets will tread water until there’s some clarification on inflation, Fed rate policy, and the direction of rates. He goes over stocks impacted by crude oil moves. He then highlights his stock picks which include Wells Fargo (WFC), Nextera Energy (NEE), and Realty Income (O). Tune in to find out more about the stock market today.

The Watch List

09 Oct 2023

SHARE

Schwab Network's Newsletters

Daily insights for every investor