Election Increases Powell’s Fed Chair Chances: BNY Mellon’s Levine

The video discusses market trends in October, highlighting a strong rally and positive earnings. It anticipates a strong market into 2022. The bond market shows interesting dynamics with an inverted break-even curve and hawkish rate hike pricing. Powell's potential re-election is discussed in light of recent electoral outcomes, suggesting continuity in Fed policy. Inflation is examined, with signs of supply chain recovery and economic indicators suggesting a possible peak. The pain trade is explored, with predictions on tech stocks and yields.

What factors are expected to influence the market positively towards the end of the year?

How does the bond market's current situation contrast with the market's expectations regarding rate hikes?

What implications does the recent electoral outcome have on Powell's chances of reelection?

What are the potential consequences if Powell does not acknowledge inflation in his upcoming discussion?

What is the 'pain trade' mentioned in the context of market strategies for the fourth quarter?