Remy welcomes Matt Cheslock, an Equity Trader at Virtu Financial. As they discuss the market dynamics, Matt emphasizes the significance of the upcoming earnings report from NVIDIA, a major player in the tech sector. He notes that the potential for a tech-focused sell-off coincides with the end of the year, a time when many fund managers are light on cash and may need to sell appreciated stocks to rebalance their portfolios.
The conversation shifts to the delayed September jobs report and the implications of recent ADP data, which indicates that private sector job losses are moderating. Matt points out the uncertainty surrounding the Federal Reserve’s decisions leading up to their December meeting, suggesting that this uncertainty could create trading opportunities. He advises listeners to consider raising cash and being prepared to reinvest in stocks that may be undervalued.
As they explore sector performance, Remy and Matt discuss the recent gains in healthcare and energy. Matt cautions that it may be too late to capitalize on healthcare as a value play, while also noting the importance of being early in identifying market trends. He expresses optimism about the potential for a more vibrant IPO market in 2026, especially if the government shutdown is resolved.