Dow futures live now add 33 points, balancing weaker mortgage data with strong corporate buyback announcements. Market breadth remains positive in the pre-market window. Analysts see real estate and financials as potential outperformers in coming weeks. Heading into the fourth quarter, equity valuations are seen as increasingly overvalued; by some measures, they're now boasting premiums not seen since 2020 — and even before then. And thanks to a slew of factors, market participants are banking on up to two more Fed cuts through year-end. The government shutdown that began Wednesday has clouded the Federal Reserve's path to interest rate cuts with uncertainty, delaying the release of a key report from the US Bureau of Labor Statistics.