October 2026 Economic & Market Outlook with Jim Lebenthal from Cerity Partners
03:47
In our October outlook, Jim Lebenthal, Partner and Chief Market Strategist, notes that the economy’s three key pillars—GDP growth, strong labor markets, and profit growth—remain firmly in place. He flags rising risks from inflation (driven by energy and diesel price spikes tied to conflicts in the Persian Gulf and Ukraine) and higher interest rates, including the 10-year Treasury yield breaking above 5%. Finally, he suggests these pressures could ease if geopolitical tensions and trade wars calm down and estimates the S&P 500 could see roughly a 7% return over the next 12 months if P/E multiples return to their 10-year average.
