Amit Kukreja
BTC OVER 120K, ETH GOES HIGHER, NO JOBS DATA SINCE THE GOVERNMENT IS SHUT DOWN | MARKET OPEN
10/3/2025, 5:10:20 PM
Economic Summary
- Tokenization adoption expected within 5-10 years
- Labor market weakening but supports rate cut outlook
- ISM services business activity and new orders miss expectations
- Government shutdown negotiations impact ACA subsidies
- Money market funds at record $7.37T, potential inflows if rates fall
Bullish
- Tokenization technology works and is expected to become ubiquitous in 5-10 years
- Robinhood benefits from strong leadership and vision
- Weaker labor market may lead to more rate cuts
- USAR up sharply on potential Trump deal
- OpenAI reaches $500B valuation in secondary market sales
- Tempus gaining traction as healthcare AI play
- SoFi earnings strong and rate cuts remain a catalyst
- Bitcoin and Ethereum starting October strong
- Healthcare stocks rally on potential ACA subsidy extension
- NVIDIA and AI semiconductor demand remains strong
- Rocket Lab and ASTS achieve all-time highs
Bearish
- Tokenization faces regulatory and corporate resistance to 24-7 trading
- Labor market uncertainty due to missing official BLS data
- Trump stimulus checks could drive inflation higher
- Difficult to buy stocks after major announcement-driven rallies
- Palantir faces security concerns in Army memo
- SoFi experiencing unexplained dip despite strong earnings
Bullish tickers
HOODUSAROPENAISOFIETHBTCUNHNVDARKLBASTS
Bearish tickers
PLTRSOFIAMDMETATSLA
People mentioned
Donald TrumpJerome PowellTom LeeVlad TenevCathy WoodNancy PelosiMike JohnsonJensen HuangSam AltmanMarjorie Taylor GreeneCleo FieldsMatt MoneyJason