In this KE Report Daily Editorial, we’re joined by Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of Marc to Market, to discuss the recent U.S. market correction, Fed policy, and the impact of the government shutdown.
Key Discussion Highlights:
- Market pullback: Tech leads the selloff as the S&P 500 drops from 6,900 to ~6,600; Chandler flags three late-October gap-ups as a sign of rally exhaustion.
- Fed policy shift: Powell’s cautious tone dims hopes for a December cut. Marc expects deeper Fed easing in 2025 versus other central banks.
- Shutdown impact: Economic drag near 0.3% of GDP if the shutdown lasts past mid-November; disruptions hit flights and public aid programs.
- Dollar bounce: DXY testing its 200-day average - Chandler calls it a short-term rebound within a longer-term downtrend.
- Alt data signals: Trucking, rail, and shipping volumes show clear slowdown despite AI-driven strength in headline GDP.
- Global divergence: BoC and BoE may still cut; Japan faces pressure to hike despite weak GDP.
Click here to visit Marc’s site - Marc To Market - https://www.marctomarket.com/
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Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
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