The Fed and Corporate Earnings Will Dictate Market Direction

In their latest commentary, the Cetera Investment Management Team discusses how the month of October saw the equity markets perform well with the Dow Jones Industrial Average having its best monthly gain since January 1975. Driving market strength was the combination of optimism that the Federal Reserve (Fed) may slow its pace of rate hikes and third quarter earnings season has not been as bad as investors feared. Looking forward, they continue to believe markets will take their cue from the Fed and corporate earnings.

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