Events such as Hurricane Helen, rising geopolitical tensions in the Middle East, the upcoming US election, and the ongoing Federal Reserve rate cutting cycle are all contributing to increased volatility within the market (^GSPC,^ IXIC,^DJI). MJP Wealth Advisors Chief Investment Officer Brian Vendig has joined Wealth. to discuss his market outlook.
Bendig noted that October has historically been a volatile month for markets, and that new events are exacerbating this trend. It is not surprising that this level continues.” But despite this, he noted that the earnings outlook for the rest of the period and all of 2025 remains strong, saying “the economy remains strong.”
“I think investors need to ignore short-term emotional reactions to some of these variables and get back to the long-term fundamentals,” he advises.
For retirement investors during this time, Wendig recommends focusing on “controlling what you can control.” He suggests individuals review their contributions to retirement accounts, which may help in areas such as tax deductions. Additionally, he suggests considering investing in municipal bonds, noting that they tend to be less volatile than stocks.
“At the end of the day, what I’m saying is, have a plan,” he told Yahoo Finance.
For more expert insights and the latest market trends, click here to watch the full episode of Wealth.
This post was written by Angel Smith