DHUnplugged #669: Waiting Game

A new Closest to the Pin announced. UAW strike lingers… Fed rate decision ahead. Consumers are feeling the pinch. PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? <br /> Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up<br /> - Announcing a NEW Closest to The Pin this week<br /> - Plenty of interest in new legislation up for vote<br /> - Retail worried about holiday season - hiring trends<br /> - Clorox Update<br /> - Waiting  and Waiting for Fed decision - markets on hold...<br /> Market Update<br /> - Ugly and the the week - markets spooked on inflation and eco<br /> - Wednesday is the day - Fed rate decision meeting<br /> - UAW Strike<br /> - EU Leaking proof it's decisions<br /> - Oil prices starting to pinch Commentary<br /> - Overall - markets are in a consolidation mode, eco is relatively strong with a few dispensed pockets of weakness.<br /> - Consumers are starting to feel the pinch<br /> - Several bears have finally capitulated - that is a concern (another one of those one sided things that is never discussed - when bulls capitulate it is good - when bears capitulate - it is good)"<br /> - Oil prices - that is a concern<br /> - Yields still rising<br /> - China may be bottoming - that is good sign<br /> - Inflation - slowing down, but Fed may have more work to do<br /> - Earnings outlook - hard to image much better from here - what is important is the forward multiple Fed Heads<br /> - The Federal Reserve is unlikely to raise interest rates at its Oct. 31-Nov. 1 meeting, Goldman Sachs strategists wrote on Saturday, while also forecasting the U.S. central bank would lift its economic growth projections when policymakers gather next week.<br /> - "On November, we think that further labor market rebalancing, better news on inflation, and the likely upcoming Q4 growth pothole will convince more participants that the FOMC (Federal Open Market Committee) can forgo a final hike this year, as we think it ultimately will," the investment bank's strategists wrote in a report.<br /> - Current market bet s that there will be no hike this meeting - but potential for hike (0.25%) next meeting Some Legislative Stuff MJ Bill