Amit Kukreja
CRYPTO GETS HIT, MARKETS CONTINUE TO TRADE LOWER, MACRO THURSDAY WITH KRIS | MARKET CLOSE
9/25/2025, 9:55:10 PM
Economic Summary
- AI sector driving majority of S&P 500 growth
- Fed chair notes stocks are fairly highly valued
- ISM below 50 for record duration, recovery possible
- Long-term unemployment increasing since May
- State and local government job growth boosted by federal funds
- Housing affordability needs rates, prices, and wages to adjust
- Top 10% of consumers drive 50% of spending
- Private equity facing funding challenges
Bullish
- AI spending justified as the first wave of productivity investment
- NVIDIA revenue growth strong with reasonable valuation
- Fed policy shift to support employment is positive for equities
- Break above ISM 50 would signal economic recovery
- Google's AI partnership potential boosts long-term growth
- Dip buying showed investor confidence despite mild sell-off
- Robinhood credit card rollout could expand banking presence
- Index investing can compound wealth over time
Bearish
- AI-related stocks may be overvalued and concentrated in market gains
- Oracle faces aggressive growth assumptions and momentum fade
- Some pockets of the market, like quantum and nuclear startups, are in bubbles
- Mega-cap semiconductors like NVIDIA face cyclical demand risk
- Consumer spending may weaken if stock market declines
- Housing market vulnerable to large price drops impacting local government revenues
- Labor market showing signs of deterioration, with rising long-term unemployment
- Crypto markets experiencing significant liquidations and declines
Bullish tickers
NVDAGOOGLAMZNMETAHOODBMR
Bearish tickers
ORCLNVDAMETAETHBTCBMR
People mentioned
Donald TrumpJerome PowellTom LeeKen GriffinSteven MoranScott BesantMark ZuckerbergVlad TenevPeter Schiff