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Matthew Timpane, senior market strategist at Schaeffer's Investment Research, says he expects the market to rally once the midterm elections are through, particularly because the third-year of the presidential cycle tends to be the most bullish, most notably the first half of those years. For the short-term — as the market finishes a September in which it has shown none of the usual seasonal signs of distress and rolls into October — Timpane sees a market that could get to roughly 8100 on the Standard & Poor's 500, with downside support at 7500, and growing firmer at 7,250 should some news trigger a slightly bigger sell-off.
David Rubenstein, co-founder of The Carlyle Group and owner of the Baltimore Orioles baseball team, discusses his new book, released today, "Inside the Owner's Box: Conversations on Power and Leadership in Sports." In a wide-ranging interview, Rubenstein also discusses the impact that gambling generally and prediction markets most recently have had on sports, on how measuring success as the owner of a sports team is different than weighing it in the ordinary business world and more.
In the Market Call, Elliott Gue, editor at Energy & Income Advisor, discusses how the buildout of artificial intelligence and its seemingly insatiable need for power is impacting energy stocks. Gue, who publishes the Free Market Speculator on Substack, notes that the capital expenditures boom may force energy/income investors to decide if they want to trade some steadiness of income for the hope of a higher total return.
