Plus New Zacks Strong Buys for Tuesday, September 24
Profit from the Pros
Slow Day In The Market, But Things Expected To Heat Up In The Coming Weeks
Stocks closed narrowly mixed yesterday, but remain within striking distance of their all-time highs.
As I mentioned before, the end of September and all of October should be quite busy with plenty of market moving catalysts in place to potentially send stocks higher.
The first one comes this week when the U.S. and Japan are set to formalize a trade agreement at the United Nations General Assembly.
The U.S. and India are also expected to finalize a trade deal during the UN session as well.
Then, in early October, the U.S. and China are set to resume high-level, face to face trade talks in Washington, DC.
Q3 earnings season kicks off in mid-October.
The U.S. House of Representatives is expected to bring the USMCA deal to the floor for a vote by the end of October, where it's expected to pass (and then goes onto the Senate where it's expected to pass there as well).
And the Fed meets again on interest rates on October 30th, where they could cut rates for the third time this year, having just done so in mid-September and July.
The next 6 weeks could be very busy, and very profitable for the market.
One thing's for certain – these are historic times for both the economy and the market.
So make sure you're taking full advantage of it.
See you tomorrow,
Kevin Matras
Executive Vice President, Zacks Investment Research
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