Members Podcast – Friday 10 October

SPI Futures down 38 points. Quiet night. The US results season kicks off.S&P 500 down 0.28%. NASDAQ down 0.08%. Dow Jones down 243 points. US Small Caps down 0.61%. STOXX 600 down 0.43%.The MSP is at another record high, up 21.53% since inception on February 1. Still holding. The US dollar rally will help our US-based ETFs today.Good quote from a strategist in the AFR – “Watching the stock market rally can feel a lot like watching snow build up on the side of a mountain. You know that eventually there will be an avalanche, but there is no way to know which snowflake will trigger it” - We just have to wait for it.Gold pauses – down $65 (-1.61%). Another bubbling sentiment supported the sector.FOMC Minutes this week suggest ‘no change’ to the slightly hawkish tone – but still expecting two rate cuts in the next two meetings. Powell’s overnight video said nothing. Bond yields up a touch on two tepid bond auctions on the trot.This is our daily podcast, exclusively for Marcus Today members - covering everything you need to know about our Strategy Portfolio and the stock market each day. Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services. Subscribe to Marcus Today and stay ahead with expert research and analysis.