September 23, 2025

Markets:

Stock futures are little changed Tuesday as investors monitor the risks of a stock market at all-time highs.

The three major averages closed at all-time highs — marking three consecutive winning sessions for the S&P 500 — and recorded fresh intraday records on Monday. Gains accelerated in the latter half of the trading session after Nvidia shares jumped nearly 4% higher on the back of an announcement from the chipmaker that it will invest $100 billion in OpenAI for the buildout of data centers.

The latest reading of the personal consumption expenditures price index — which is the Fed’s preferred inflation measure — will be released Friday and is expected to give clues on the path of monetary policy for the remainder of the year.

Investors are also watching the increasing chance of a government shutdown ahead of a Sept. 30 deadline after the Senate last week rejected Republican and Democratic proposals to at least temporarily fund the federal government. The stock market has historically brushed off concerns tied to government shutdowns, but this time around could be different as the economic backdrop heading into a shutdown is the weakest in more than two decades.

Portfolio:

Another week and another great start to it!  I truly feel sorry for those who continue to deny this market and trend and whats in play for the next several months.  We enter the new trading session holding only one setup in EOSE.  Expect a new trade or two today as the queue continues to ignite.  

Technically, Upper trendline test is right here on SPY. But closed very strong.  Now would love to see the push to 670 and above.  At this point, we cannot rule out a move to 700 plus by end of year on SPY.  QQQ over 600 is outstanding and now we want to see it build above 600.  We've been pointing to 600 since the Summer.  Now the runway for the Q's can build here for the year end move.  

Some patience here.  Expect a few swings in the market, especially with Powell speaking today at noon.  Be ready.