Stocks came off their highs after Federal Reserve Chair Jerome Powell made a point of saying that a December rate cut isn't a 'foregone conclusion.'

Jay Woods explains why Fed Chair Jerome Powell's comments carry special weight this week and reviews three key companies reporting earnings.

“Earlier this month, markets shifted more towards a 'central back put' regime," Christian Mueller-Glissmann at Goldman wrote in a note to clients.

The Fed will stop shrinking its $7 trillion balance sheet in December, but Powell stressed it’s a pause in quantitative tightening, rather than a new phase of easing.

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Insatiable AI demand, Fed lowering rates and trade worries easing keep the bull case in place for stocks.

Stocks came off their highs after Federal Reserve Chair Jerome Powell made a point of saying that a December rate cut isn't a 'foregone conclusion.'