Economic Data and Market Sentiment - The Philly Fed index showed a significant decline from 23.2% last month to negative 12.8%, indicating a miss in regional economic data [1][2] - Corporate earnings reports from banks and airlines have been solid, with United Airlines and Delta performing better than expected, suggesting strength in the US consumer [3][4] Upcoming Earnings and Economic Indicators - American Express earnings are anticipated to provide insights into affluent US consumers, with several major companies set to report earnings soon, including Tesla on October 22nd and five major tech companies on October 29th and 30th [4][5] - The Consumer Price Index (CPI) report is scheduled for October 24th, which will be crucial for market expectations [7] Federal Reserve and Interest Rates - Recent comments from Fed officials, including Jerome Powell, suggest a more dovish stance with discussions of potential rate cuts, possibly starting in October [8][9] - Stephen Myron indicated support for at least two rate cuts before the end of the year, contributing to a favorable outlook for stocks [10] Commodity Prices and Inflation - Crude oil prices have decreased from just below $63 to around $58.5, which is a significant factor in the inflation landscape [10][11] - The stability of the dollar, along with declining crude prices, is seen as favorable for the stock market [11]

All right. So, JP Pal says the market seems uh a little frothy. I'm going to just translate what he's trying to say.I think everybody's saying that, but people keep putting their money into the markets and it keeps moving to highs. Do you think that this is sustainable, specifically with so much money pouring into the AI trade. >> Look, I think Jay is clearly trying to manage expectation around how many rate cuts we should be expecting, not only for the balance of this year, but as we move through 2026.The ...

is joining me now is Andreas Garcia Amaya, CEO at Zo Zoe Financial. Um, so break this down for us because it feels like we've already done a lot of capex spending as it pertains to AI. Uh, you think it could be higher than the 90s.What about higher than what we've already seen so far. >> Yeah, so there's a couple uh analogies you can make to the late 90s to the infrastructure boom that led, you know, that led to the internet boom. Um the the first one being that you need to kind of lay the rails for then th ...