Joel Elconin – Market Selloff Picking Up Momentum To End Q3, Look To Investments The Pay You To Wait

September 29, 2023

Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to discuss the market set up moving into Q4. The overall theme has investors looking to safer yielding investments rather than speculation and growth. This is a trend that hasn’t been seen in decades but with the Fed staying higher for longer and higher yields readily available we could be in this environment for a while. 



Click here to visit Joel’s PreMarket Prep website to keep up to date on how he is trading the markets.


    Sep 29, 2023 29:07 PM

    Some Relief On the Inflation Front / Nike and ACN Comments

    Peter Boockvar – The Boock Report – September 29, 2023

      Sep 29, 2023 29:08 PM

      Inflation, spending, income and the savings rate falls to lowest of the year.

      Peter Boockvar – The Boock Report – September 29, 2023

      “Headline PCE for September rose .4% m/o/m headline and by .1% core, both one tenth below estimates but because of rounding the y/o/y gains of 3.5% and 3.9% were as forecasted. Higher gasoline prices showed up in the jump in nondurable goods prices of 1.4% m/o/m but offset by a drop of .3% m/o/m in durable goods. Service prices grew by .2% m/o/m. Food prices were up by .2% m/o/m.”

      “The spending and income figures were in line with expectations when we include the July revisions. Importantly, the savings rate slipped to 3.9% from 4.1% and that is the lowest since of the year, since December 2022 when it touched 3.4%.”