Major indices are showing resolve, edging into the green, in the face of the government shutdown. The early-selling interest proved to be short-lived, as the market expected a shutdown for some time.

Betting odds for the current federal shutdown lasting 10-29 days are 42%.

Economic data at risk of being delayed include jobless claims, monthly jobs report, CPI, and PPI.

Five sectors are moving higher, with Health Care (XLV) once again in the lead.

Meanwhile, Communication Services (XLC) is the laggard, led lower by news and advertising companies.

The ten-year treasury yield (TNX) is down 2.5 basis points, continuing to decline following the post-FOMC rise.

Economic Data

ISM PMI rose to 49.1 in September from 48.7 in August and above expectations of 49.

Notable Points:

• Production rose to 51 from 47.8
• New orders fell to 48.9 from 51.4
• Employment advanced to 45.3 from 43.8
• Customer inventories declined to 43.7 from 44.6
• Order backlogs went up to 46.2 from 44.7
• Input price gauge fell to 61.9 from 63.7

The comments section is pretty rough, respondents are still highlighting tariff-related headwinds.

Comments

Charles, regarding your education segment today; as a father of twin teenagers the biggest problem I have seen is the use of google classroom and the elimination of textbooks in public schools. James W. on 10/1/2025 3:00:22 PM

Tweet

 

Home | Products & Services | Education | In The Media | Help | About Us | Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.