Market outlook: CLARITY Act, Fed policy, and economic indicators

The CLARITY Act appears unlikely to pass as it faces strong resistance from state attorneys general and the tribal gaming industry. Meanwhile, market focus shifts to broader economic factors: oil prices are rising due to Houthi attacks on Saudi infrastructure, and both Goldman Sachs and JPMorgan now anticipate a Federal Reserve rate hike this Wednesday. Historically, the fourth quarter leading into midterm elections has served as a strong buying window.