Q3 Market Update & Outlook

The third quarter delivered no shortage of market-moving headlines. Rising energy prices, geopolitical uncertainty, persistent inflation concerns, evolving Federal Reserve policy, and continued enthusiasm around artificial intelligence all influenced investor sentiment and market performance.

This week on Money Sense, Nik Kibardin, Wealth Services Advisor and Development Leader at Ellenbecker Investment Group, is joined by Mike Roth, Partner and Founder of Stark Investments. Together, they take a closer look at the major themes that shaped the third quarter, including the impact of oil prices on inflation, interest rates, consumer costs, and overall market performance.

The conversation also explores the growing influence of AI on corporate earnings and productivity, the concentration of market leadership among a small group of technology companies, and what investors should focus on as they head into the fourth quarter. Mike shares his perspective on navigating uncertainty and explains why discipline, diversification, and long-term thinking remain critical regardless of market conditions.

Episode Highlights

0:41 | The biggest market takeaway from the third quarter: oil remains a major market driver

4:27 | Why rising oil prices continue to influence inflation, interest rates, and investor expectations

8:40 | How higher energy costs are affecting consumers, businesses, and the broader economy

13:37 | What the Fed is watching and how interest rate policy could evolve in the months ahead

16:51 | Why investors should avoid building portfolios around specific market outcomes

17:32 | A look at third-quarter market performance, earnings growth, and continued AI-driven leadership

21:40 | Strong economic growth: positive for markets or a new inflation concern?

23:00 | The AI investment story, productivity gains, and what it means for long-term investors

28:58 | Key considerations for retirees and investors approaching retirement

29:14 | Why discipline, diversification, and a long-term perspective matter during uncertain markets

32:05 | The two factors Mike is watching most closely heading into the fourth quarter: oil and earnings

ELLENBECKER INVESTMENT GROUP

Presenter of the Money Sense Podcast. Ellenbecker Investment Group (EIG), a registered investment advisor, provides comprehensive financial planning and fiduciary wealth management services for individuals, families, businesses, and charitable organizations. EIG's planning-first approach helps clients align their financial decisions with their values, goals, and long-term vision for the future.

Website: ellenbecker.com

This podcast is for educational purposes only and should not be considered legal, tax, or financial advice. Guest opinions represent the views of the individuals speaking and do not necessarily reflect the views of Ellenbecker Investment Group. Before making financial, tax, retirement, or investment decisions, consult with qualified professionals familiar with your individual circumstances.