Please stay tuned for important disclosure information at the conclusion of this episode.

Hello and welcome to the Morning Filter.

I'm Susan Jibinsky with Morningstar.

Every Monday before market open, Morningstar Chief U.S. market strategist Dave Sikara,

and I sit down to talk about what investors should have on their radars for the week,

some new Morningstar research, and a few stock ideas. Now we have a lot of ground to cover on the podcast this week, including the Fed meeting, upcoming

earnings reports from several AI Titans, a new fair value estimate on Tesla, and of course,

Dave's stock picks.

So let's get started, Dave.

So have you brought back the Halloween month this week?

Heck, yeah, I have.

Here we go.

Looking forward to it.

Hope everyone has a happy Halloween.

Now, the stock market finished last week on a pretty high note,

even though the government shutdown continues. And, you know and there were still plenty of questions around tariffs left. So what do you think keeps driving stocks?

Well, for right now, I mean, the market still just doesn't really seem to care about the government shutdown.

Now granted, the longer it goes on, it will at some point have an impact on the economy.

But for now, we're just not seeing that significant impact just yet.

So I think it's just a matter of, you know, there's no change to our forecasts.

I mean, yes, we still think the economy is slowing sequentially, but there's not going to be any recession.

So it's going to get resolved in some way, shape, or form.

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