9/18/25 Recap

The SPY is having a pretty uneventful day, if you look at the people tweeting you’d think this was a 3% up day. We’ve made a strong move off the lows yesterday afternoon for sure, but did you listen to Powell? He was about as bearish as you could get and even though he cut rates, they’re up today, look at TLT which is down over 1%. We’ve basically made the decision to “run it hot” like many are saying and push stocks higher, while completely ignoring the bottom 80% of society that has nearly none. It happens when you have $37 trillion in debt and the only way out is inflating your way out as the fed has now pushed up inflation targets to near 3% from 2%. As for the market, we’re just humming along over the 8 ema. This morning we had NVDA taking a $5b stake in INTC and you knew 2 months ago when the US Government took a 10% stake in Intel that Trump was going to use it to gain political influence and lucky for NVDA bulls Jensen was smart enough to throw $5B into INTC and now they have made Donald happy. This will go a long way in the coming 3 years of his administration and getting things done. For those not in NVDA, you’re lucky because it is the largest component and nearly 10% of the market, so it is a great thing when the biggest company and the President are on great terms.

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