During A Seasonally Weak Period, Market Headwinds Are Abundant

Amid the historically weak seasonal period we are dealing with a potential government shutdown, surging gas prices, China concerns, and the UAW strike and writers strikes – impact limited to specific stocks/sectors for now, notes Jay Woods. He talks about how the markets are lower as FOMC meeting begins, as well as expectations for the Fed’s rate hike approach. He then goes over how the UAW strike impacts the overall market and market headwinds to monitor heading into 2024. Finally, he looks at some stocks to watch which include FDX, KBH, and GIS. Tune in to find out more about the stock market today.