October 2026 Market Update

As October comes to a close, investors are navigating an economy that continues to expand, but at a slower and more uneven pace. Corporate earnings have remained resilient, even as inflation proves more persistent than expected and interest rates stay elevated. Rather than signaling a sharp downturn, these conditions are creating a more nuanced investment environment, one where bonds are once again offering meaningful income and equities face greater pressure to justify valuations through earnings growth.

In this month’s Market Update, Brian Andrew, Chief Investment Officer at Merit Financial Advisors, explores what persistent inflation and higher interest rates could mean for diversified portfolios, why investors are becoming more selective about artificial intelligence and technology investments, and how a moderating economy could affect corporate profitability and business investment. He also shares what he’s watching next, including Federal Reserve communication, third-quarter earnings, consumer strength, and the upcoming midterm elections.

Watch the full video to learn why a slower but still-growing economy may provide a constructive backdrop for long-term investors, and how maintaining discipline and diversification can help investors navigate periods of changing market conditions.

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