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

Hello and welcome to the Morning Filter podcast.

I'm Susan Jubinsky 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 Morning Star research, and a few stock ideas.

Well, hopefully everyone got an extra hour of sleep this weekend when we move those clocks

back because we have another big episode this week.

Dave and I will cover last week's Fed meeting and NVIDIA's latest milestone.

We'll also unpack the earnings reports that came out last week from Fed meeting and Invidia's latest milestone. We'll also unpack the earnings reports

that came out last week from the Tech Titans. And then we'll wrap up today's podcast with a few

stocks to sell and a few stocks to buy this month. All right. Well, good morning, Dave. Good to see you.

Let's start with last week's Fed meeting. We got the 25 basis point interest rate cut we were expecting.

Now, what about December? Hey, good morning, Susan. So for the December meeting, the

market's now pricing in a 70% probability that they're going to cut another 25 basis points,

which actually is down from over a 90% probability prior to this past meeting.

Now during the press conference, Chair Powell did state that a December cut was not necessarily

a foregone conclusion.

I think the market thought that that was a little bit more hawkish than what they were expecting

him to say.

But from my point of view, I don't know what else they expected him to say, really in my mind,

there's really no change going into the December meeting than there was coming into this October meeting.

Now, also last week, Nvidia's market cap topped $5 trillion for the first time, and that's just

...