A government shutdown has been avoided, for now, after President Biden signed Congress' stopgap bill that keeps the federal government funded through November 17. With another long-term spending agreement yet to be decided, and other financial headwinds still brewing, many investors are questioning how to handle their portfolio. Mitlin Financial Founder Lawrence Sprung joins Yahoo Finance to break down what investors should now be focusing on heading into 2023's final quarter. "There's a high level of optimism to close out 2023 and going in early 2024," Sprung says, noting a bullish outlook while considering the Federal Reserve's outlook for higher for longer interest rates and consumer spending's resilience ahead of student loan repayments. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Another shaky September comes to a close for markets as the Fed signals higher-for-longer interest rates and August's PCE data shows inflation cooling. What could be in store for markets stepping into 2023's fourth quarter? eToro U.S. Investment Analyst Callie Cox and Interactive Brokers Senior Economist Jose Torres join Yahoo Finance Live to discuss markets' potential reactions to the Fed's monetary policy and a potential government shutdown. "The big question for the market right now is the 10-year yield is up 4.5%, and that should mean good things about the economy, right?" Cox says. "Yields rise when the economic outlook gets better. Of course, right now there's fears about inflation picking back up." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The 2023 fiscal year has brought many surprises upon investors — some more welcome than others, such as August's PCE report pointing to cooling inflation. Some investors are concerned with all the recent headwinds and volatility in the market, wondering where they should park their money. Interactive Brokers Chief Strategist Steve Sosnick joins Yahoo Finance to break down recent market developments and offer insights to investors as to where they should be paying attention. "If the market is reassessing the risk/reward, you should be doing the same," Sonick says on short-term investing. Commenting on the direction of interest rates in 2023, Sosnick is looking to keep investments in cash, since "you're getting some yield. Actually if inflation is quiet, we get real yield. You're not even losing money vis-a-vis inflation". For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.