Market Overview - The S&P 500 and Nasdaq experienced their largest weekly percentage gains since August, while the Dow recorded its biggest Friday-to-Friday jump since June [1][9] - The Consumer Price Index (CPI) remained elevated in September but was cooler than expected, easing inflation concerns and paving the way for a 25-basis-point rate cut by the Federal Reserve [1][9] Earnings Season - The third-quarter earnings season is in full swing, with 143 companies in the S&P 500 having reported results [2][10] - Analysts project a 10.4% year-on-year earnings growth for the S&P 500 in Q3, an increase from the previous expectation of 8.8% [3][10] - A significant 87% of companies have beaten earnings expectations, and 83% have surpassed revenue forecasts, indicating a strong start to the earnings season [6][10] Notable Company Performances - Alphabet's shares rose by 2.7% after Anthropic expanded its deal to utilize Google's AI chips for its Claude chatbot [7][10] - Coinbase Global saw a 9.8% increase following an upgrade from JPMorgan to "overweight" [7][10] - Ford's shares jumped 12.2% after exceeding third-quarter profit expectations, while General Dynamics also surpassed estimates, leading to a 2.7% increase in its shares [10] - Deckers Outdoor forecasted full-year sales below Wall Street estimates, resulting in a 15.2% decline in its shares [7][10] - Alaska Air's shares fell by 6.1% after the airline reduced its annual forecast [7][10] Market Statistics - Advancing issues outnumbered decliners by a ratio of 2.18-to-1 on the NYSE, with 540 new highs and 53 new lows recorded [8][10] - On the Nasdaq, 3,193 stocks rose compared to 1,450 that fell, with a ratio of 2.2-to-1 for advancing issues [8][10] - The S&P 500 posted 34 new 52-week highs and 4 new lows, while the Nasdaq Composite recorded 124 new highs and 44 new lows [8][10] - Trading volume on U.S. exchanges was 19.04 billion shares, slightly below the 20.75 billion average over the last 20 trading days [8][10]

Core Insights - US stocks reached all-time highs, driven by a September inflation report indicating a 3% increase, slightly below the expected 3.1% [1][2][6] - The inflation rate remains above the Federal Reserve's 2% target, but the lower-than-expected figure suggests tariffs are not significantly impacting consumer prices [2][3] - The Federal Reserve may be content with a 3% inflation rate in the short term, as the focus shifts to a cooling labor market [3][4] Economic Indicators - The S&P 500 index surpassed 6,800 for the first time, while the Dow Jones Industrial Average gained nearly 500 points, achieving its own record high [2][6] - Despite the absence of a September jobs report, other indicators show a slowdown in payroll growth and an increase in firing plans among US companies [4] - Economic data suggests the current bull market may continue, supported by potential Federal Reserve rate cuts and rising corporate profits [5][6] Market Outlook - High valuations and market risks are acknowledged, but the expectation of a 25-basis point rate cut by the Federal Reserve next week may sustain the bull market [5] - The current economic conditions indicate that interruptions to the upward trend in the market are unlikely until year-end, despite potential challenges in the following year [5]

Inflation Overview - The year-over-year inflation rate increased to 3.0% in September, returning to January levels, with economists initially expecting a rate of 3.1% [1][8] - Core CPI, excluding food and energy, also rose by 3% year-over-year in September, slightly below the expected 3.1% [1] Monthly Changes - Core CPI increased by 0.2% from August to September, falling short of the 0.3% forecast [2] - Overall CPI rose by 0.3% month-over-month, below the anticipated 0.4% [2] Impact of Government Shutdown - The Bureau of Labor Statistics delayed the release of the September consumer price index report due to the government shutdown, which is the second-longest in US history [3] - The shutdown has affected the publication of other key economic data, including the jobs report, which remains unscheduled [6][8] Inflation Drivers - The increase in inflation was primarily driven by goods inflation, particularly a 4.1% rise in gas prices month-over-month, significantly higher than the previous 1.9% increase [4] - The food index rose by 3.1% year-over-year, with a 0.2% increase month-over-month, which is less than the previous 0.5% increase [5] Federal Reserve Considerations - The Federal Reserve is focusing on supporting the labor market, especially as inflation risks are perceived to be transitory and tariff-driven [7] - The Fed's upcoming meeting on October 28 and 29 will discuss rates, relying on private data releases and previous reports due to the lack of official data [6][8]

Inflation Analysis - The report provides average year-over-year inflation rates by president [1] - It also discusses the events and economic conditions that contributed to these rates [1] Data Source - The data is available at the provided URL: https://t.co/ijXOupbjWd [1]

Inflation has broken the 3% mark—its highest point since Donald Trump returned to the White House: Here’s your Evening Briefing https://t.co/LQJjoyAbcf ...

Let's bring in CNBC contributor Peter Bookbar, chief investment officer at OnePoint BFG Wealth Partners. Peter, great to have you with us. Um, I just want to sort of fold you into this conversation that we're having and the CPI gives us the green light to think that there's two more cuts, but at the same time, we are at record highs across the board, entering a huge earning season.What What's your view of the markets and how we are valued right now. Well, now uh relative to 2025 earnings estimates, obviousl ...

Market Valuation and Earnings - Current market is trading at 25 times relative to 2025 earnings estimates, indicating a high valuation despite upcoming earnings reports [2] - Companies have shifted from asset-light to capital-intensive models, resulting in higher debt levels and lower cash flow, yet market valuations remain unchanged [3] Energy Sector Insights - Energy sector is viewed positively, with oil prices considered "dirt cheap" and potential catalysts for a rally due to sanctions on major oil companies and reduced purchases from India and China [5] - US shale production is declining, and OPEC is not meeting production quotas, contributing to a bullish outlook on oil prices [6] Consumer Staples and Defensive Stocks - Consumer staple stocks are trading at low valuations with attractive dividend yields of 4% to 5%, making them a potential safe haven if the economy slows [6] Gold Market Dynamics - Gold remains a strong investment despite recent pullbacks, with inflation holding steady at around 3% and central bank buying driving demand [8][9] - The consolidation phase in gold prices is expected, but the long-term outlook remains positive due to ongoing central bank and retail buying [9]

Inflation isn’t as high as many economists expected earlier this year, but that’s not much comfort for Americans still flabbergasted at the prices of necessities like food, housing and insurance https://t.co/rosI0R3Rp5 ...

Core Insights - The news regarding the potential worsening of inflation is unsettling for many Americans who are already struggling with high prices for essential goods and services such as food, housing, and insurance [1] Group 1 - Inflation concerns are impacting consumer sentiment, particularly regarding essential items [1] - The rising costs of necessities are causing significant distress among the population [1] - There is a general sense of disbelief among consumers about the current price levels [1]

So, with a Fed decision looming, a slew of meggaap results to come, what's today's strength tell you, Tim. >> It tells me that we have a green light to at least the best month of the year from the Fed's perspective. Um, from the earning season's perspective, folks following at home, I mean, we talk about this every night.It's been a very solid earning season, and we have next week is kind of the week and then a couple after that. But, you know, we're 10.2% EPS growth, which is better than expected coming in ...