Amit Kukreja
THE GOVERNMENT HAS SHUT DOWN, ADP JOBS DATA MISS, Q4 BEGINS | MARKET OPEN
10/1/2025, 3:35:06 PM
Economic Summary
- US government shutdown officially in effect
- Manufacturing PMI 52, indicating expansion
- ISM manufacturing data beats expectations
- Labor market showing weakness in ADP payrolls
- Shutdown affecting federal programs and services
Bullish
- Shutdown historically has little long-term market impact
- Bitcoin and Ethereum showing strong October momentum
- SoFi rebound after analyst error on delinquencies
- Tesla breaks key resistance levels with Q3 optimism
- Nike beats earnings and raises guidance
Bearish
- Government shutdown furloughing 750,000 workers increases economic risk
- Political controversy may trigger Netflix subscription cancellations
- Weak labor market data signal potential earnings constraints
- Meta facing investor concern over aggressive AI spending
- China sales down 10% for Nike
Bullish tickers
SOFITSLABTCETHNKE
Bearish tickers
NFLXMETANKE
People mentioned
Donald TrumpJerome PowellTom LeeAndrewMike JohnsonJD VanceChuck SchumerHakeem JeffriesMaxine WatersElon MuskJared KushnerElliott HillLisa CookVlad Tenev