The Money Path: Sam Stovall’s Q3 Earnings & Bull Market Outlook — What to Watch in Q4

On this episode of The Money Path, ⁠Todd Schoenberger⁠ sits down with ⁠Sam Stovall⁠, Chief Investment Strategist at ⁠CFRA Research⁠, for a deep dive into where the market is headed. While recent Federal Reserve rate cuts and solid economic signals have pushed stocks to new records, Stovall cautions that no bull run lasts forever — and Q4 may test that strength.

We cover:

• What upcoming Q3 earnings from big banks like JP Morgan, Wells Fargo, and Bank of America could reveal about economic resilience.

• The historical performance of Q4, where traditionally the S&P 500 has posted gains ~80% of the time, and how small caps, technology, and financials may stand out.

• Why valuations are raising eyebrows — especially with earnings growth already priced in. Analysts from UBS and others are forecasting robust earnings, but they warn selectivity is essential.

• Market risk indicators: with rising inflation signals, persistent labor constraints, and a Fed that may cut less aggressively than markets hope. Morgan Stanley strategists recently warned the bull could falter without a quicker Fed pivot.

Key takeaways from Stovall:

“We’re in a strong market, no question — but October is historically the most volatile month. Earnings and job data will decide how much steam is left.”

If you want to position your portfolio wisely, this episode’s for you. 📺 ⁠Watch it on CrossCheck Media with Biz Talk Today TV⁠ and make sure to ⁠Subscribe⁠ to our YouTube channel so you’re notified as soon as the show goes live.

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