In this week's Market Minutes recap, hear from our team of investment experts as they share their perspectives on the latest market and economic activity. Our panel shares detailed insights into the Beige Book, initial unemployment claims, existing home sales, the S&P 500, the bond market, the MOVE Index, and upcoming economic news.

Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
George Mateyo, Chief Investment Officer
Rajeev Sharma, Head of Fixed Income
Stephen Hoedt, Head of Equities

01:54 – The Federal Reserve released the October Beige Book, highlighting the economic activity to be discussed at the upcoming FOMC meeting

02:50 – The initial unemployment claims for the week ending October 19 were reported at 227,000

03:17 – The National Association of Realtors reported a decline in existing home sales for the month of September, as well as reporting a decline of 3.5% in year-over-year existing home sales for September

04:25 – Comments on earnings; the S&P 500 reporting season has been ‘tricky’ so far, with more than 12% of the stocks moving at least 10% on earnings day

07:28 – Based on the Beige Book release, we hear remarks on what we can expect to hear during the upcoming FOMC meeting

10:31 – Comments on the bond market being ‘spooked’, as we anticipate a rate cut at the upcoming FOMC meeting, yet preparing for the 2025 rate cut projections

11:25 – Unusual forecasting from the MOVE Index as option prices show treasury yields for all maturities are projected to increase about 18 basis points higher following the presidential election

14:15 – Final thoughts and assumptions on next week’s economic news such as the Employment Situation, Consumer Spending, PCE Inflation, etc.

Additional Resources

Key Questions: The Yield Curve Has Un-inverted. Now What? | Key Private Bank

Key Questions | Key Private Bank
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