The Banking Situation Should Result In A 25 BPS Rate Hike

The banking situation should result in a 25 BPS rate hike next week, says Sam Stovall. He discusses how increasing confidence in the Fed will soften rigid stance. He notes that the outstanding question whether the October 12 low will hold. He talks about the chances of a Fed pause or pivot next week. He also goes over what another 50 BPS rate hike could mean for markets. He then gauges current recession risks. Finally, he mentions technical trends to watch in the market. Tune in to find out more about the stock market today.