SlateStone Wealth’s Chief Market Strategist, Kenny Polcari, joined Maria Bartiromo’s Wall Street to break down market moves following the government shutdown, missing economic data and shifting expectations for a December rate cut. With the probability of a cut falling from 95% to around 50%, Kenny emphasized that recent volatility remains within a normal trading pattern, not a signal of a broader correction.
Looking ahead, Kenny highlighted the Fed’s upcoming messaging and the importance of exploring sectors beyond the recent market leaders. Healthcare, consumer staples and stable dividend-oriented companies such as Verizon may offer more attractive setups for investors seeking ballast while uncertainty persists.
Watch the full segment here.