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Happy Wednesday! With the market at all-time highs and the Fed easing its monetary policy, it feels like nothing can derail this market. It’s as if we’re all at a big party, and the Fed said “Let’s keep it going all night” and turned the music up even higher. But here’s why one firm is warning that the cops might be on the way to bust the party. Plus, how the rate cuts could impact the price of your house.

—Aaron Bry

Plus, take a look at the quickly-growing company that’s aiming to reshape the world of nursing.

MARKET SNAPSHOT

Yesterday: Another strong day for bulls. The S&P 500 closed at all-time highs as mega-cap tech stocks continued to march higher.

On Our Radar: Existing home sales is out at 10am ET, plus we will get earnings reports from companies like Micron and more.

TOP STORY

Moody's Sounds Alarm On Widening Deficits, Diverging Credit Risks

Basically: The next U.S. administration "must grapple with widening budget deficits," warned Moody's Ratings in a report published Tuesday.

So: But no matter who is elected on Nov. 5, whether it’s ex-President Donald Trump or current Vice President Kamala Harris, the situation is dire, Moody’s reported. Here’s why the nation’s growing deficit could derail the market.

PRESENTED BY AMESITE

Amesite’s NurseMagic App Witnesses Growth Amid Social Media Backing

Turnover in the nursing market is high and it's not a surprise. Overworked and under-supported, many nurses are seeking help and are finding it with Amesite’s (NASDAQ: AMST) NurseMagic app. 

The app, which launched a mere eight weeks ago, has already seen 830% growth from June to July and counts some big social media influencers as fans. Combined, these influencers have more than three million followers listening to them extolling the benefits of this app. Engagement with popular Nurse Hailey alone resulted in a 27% increase in users, reports Amesite.

But that’s not the only news emanating out of Amesite. The company is also piloting NurseMagic with five home health agencies and skilled nursing facilities across the United States. Amesite said collectively, these companies and their franchisees have over 30,000 employees providing skilled nursing, hospice care and home healthcare. Home healthcare in itself is a big market, poised to reach $176 billion by 2032. All of this presents an opportunity for Amesite to grow.  To learn more about Amesite and its AI technology click here.

FIVE ZINGERS

Back It Up: Here’s why one analyst is reversing course on Ford and General Motors, downgrading the auto giants and lowering their respective price targets.

Searching For A Fix: StitchFix shares plummeted after the subscription-based company reported worse-than-expected earnings.

‘Tis The Season: Adobe expects these companies to benefit from the holiday season and is looking for record-breaking e-commerce sales.

A Race To Second Place: Does AMD or Intel have a better chance of catching up to NVIDIA? Here’s what the experts say.

Your Chance At $30k Risk-Free: Benzinga's World Championship of Trading is about to take off, and all you have to do is sign up and paper trade for your chance at the prizes.

ONE FOR THE ROAD

Mortgage Demand Soars As Fed Interest Rate Cut Fuels Housing Market Revival: 'Next Spring Could See A Real Rebound'

Basically: American homeowners and prospective buyers had been biding their time, waiting for a decisive move from the Federal Reserve to reignite the mortgage market.

So: That moment came on Sept. 18, when the Fed’s large and unexpected 50-basis-point rate cut—bringing the target range to 4.75%-5%—opened the floodgates for mortgage refinancing and home purchases. Here’s what the lower rates could mean for the value of your home.

PRESENTED BY CBOE

0(DTE) to Hero: Managing Volatile Markets with Cboe!

There’s been a rise in the growth of retail options trading, especially in the world of dynamic zero-day-to-expiry (0DTE) options. Benzinga is teaming up with Cboe Global Markets to host the virtual event Managing Volatile Markets with 0DTE Options on Thursday, Sept. 26. The event will help demystify VIX options, SPX options and the 0DTE trend, equipping traders with the insights they need to navigate a volatile and rapidly evolving options market.

Did you know that:

• The U.S. options market is on track for its fifth consecutive record year of trading volume in 2024

• VIX and SPX options can be the perfect tools to hedge risk

• 0DTE options are a powerful tool that can be used to generate income from capturing intraday momentum 

Understanding the ins and outs of how best to use VIX and SPX options, trade 0DTE options and more. Incorporating these products into your strategy can give you a crucial leg up. Traders will walk away with deeper knowledge and a firm grasp of index options and the benefits of European-style exercise, cash settlement, and more.

This event is part of Cboe's broader initiative to support investor education and share insights on the 0DTE boom.

Don't miss this opportunity to level up your trading! Gain insight into one of the most dynamic areas of financial markets.

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