September has historically been a weaker month for stocks, and this year's performance comes amid heightened market volatility due to the upcoming election and potential Federal Reserve interest rate cuts. To discuss his outlook on these matters, LPL Financial Chief Technical Strategist Adam Turnquist joins Catalysts.

Turnquist observes that the economy is currently "on trial," with a particular focus on the labor market. He describes the upcoming jobs report, due on Friday, as "a headline event" that could "set the tone" for the magnitude of the Federal Reserve's September 18th rate decision.

Regarding the possibility of renewed inflation, Turnquist states it's "not a key concern." He expresses confidence in the economy's ability to reach the Fed's 2% inflation target, saying he is "comfortable" with the current trajectory.

"I do think it's really about the labor market now. Inflation's moved more to the back burner as we've seen relatively consistent prints that show deceleration and with the labor market there's more volatility," he told Yahoo Finance.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Angel Smith