🎙Welcome to Market Dive, your weekly deep dive into the world of finance and investing!

In this episode, Nika and Kian delve into the kickoff of the third-quarter earnings season, the latest inflation reports, and the market's reaction to Tesla's recent robotaxi event. They will also provide a comprehensive market outlook and discuss key events to watch in the coming weeks.

Highlights:

1. How have major banks' strong performances impacted the kickoff of the earnings season?
2. What are the implications of the recent cooling inflation data for Federal Reserve rate cuts?
3. Why did Tesla's robotaxi event disappoint investors and analysts, and what are the potential market repercussions?
4. Which key economic data releases should investors watch, and what potential impact could they have on the market?

The third-quarter earnings season has kicked off with strong performances from major banks like JPMorgan Chase and Wells Fargo, setting a positive tone. UBS predicts a slowdown in S&P 500 EPS growth to 5-7%, primarily due to the energy sector, but excluding energy, growth is expected to be 8-10%. The "Magnificent Seven" tech giants are anticipated to continue driving growth.

Tune in to this episode of Market Dive as Nika and Kian provide in-depth analysis and insights into the current market landscape. With strong early earnings results, cooling inflation, and expectations for Fed rate cuts, there's a lot to unpack.

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