Remy Blaire engages in a timely discussion with Mark Malek, the Chief Investment Officer of Siebert Financial, as they explore the current economic landscape against the backdrop of a record-long government shutdown and the observance of Veterans Day.
The segment opens with Remy highlighting the recent approval of a funding bill by the U.S. Senate, which aims to reopen the government and fund most operations through January 30th, while some agencies will receive funding until the end of September. She notes the importance of the House also passing the bill before it can be signed into law by President Trump.
As the conversation shifts to the financial markets, Remy and Mark discuss the mixed market opening following a rally the previous day. Mark provides insights into the ongoing negotiations surrounding tariffs, indicating that while some large tariffs are being reduced, uncertainty still looms over the situation. He emphasizes that both corporations and investors have been preparing their portfolios for these changes.
Recognizing the significance of Veterans Day, Remy prompts Mark to address the economic pressures faced by military personnel and their families. Mark explains that service members are not exempt from the challenges of inflation and rising living costs, which impact their ability to make ends meet. He highlights the unique circumstances of military life, where service members often lack the time to manage their financial portfolios due to their demanding schedules.
The discussion then turns to the broader implications of the government shutdown on key economic data, particularly regarding the labor market and inflation. Mark points out that the challenges faced by service members reflect the wider economic landscape, which is currently experiencing headwinds that could disproportionately affect them.
Mark provides an overview of the defense sector, noting the administration’s supportive stance while also acknowledging the challenges posed by tariffs and trade frictions. He emphasizes the growing importance of industrial security, particularly in relation to technology and semiconductor production.
As the holiday season approaches, Remy and Mark examine the performance of the U.S. equity markets and the commodity sector. Mark advises retail investors to maintain a long-term perspective, reminding them that market fluctuations are normal. He highlights the positive earnings season and the potential for accommodative monetary policy from the Federal Reserve, suggesting that these factors could provide tailwinds for the markets moving forward.