October 2, 2025

Markets:

Stock futures are little changed Wednesday night after the S&P 500 logged a fresh high and investors appeared to shrug off concerns tied to the latest U.S. government shutdown.

The major U.S. stock indexes closed in the green on Wednesday on hopes that the funding stoppage would be brief and therefore limit any serious effects on the economy. The S&P 500 gained roughly 0.3% to end the session at a record high, while the Nasdaq Composite closed 0.4% higher. The Dow Jones Industrial Average jumped 43 points, or 0.1%.

The government shutdown began after top Democrats and Republicans failed Tuesday to meet the deadline to agree on a deal that would keep the government funded. Lawmakers blamed each other for the stoppage as Democrats stayed firm on their demands to use the measure to extend health care tax credits for millions of Americans.

An economic data blackout during the shutdown this week is also top of mind, as the September nonfarm payrolls report will not be released on Friday given the Labor Department’s pause on virtually all activity. The Federal Reserve is expected announce an interest rate cut at its upcoming October meeting after Wednesday morning’s ADP data reflected a drop in private payrolls last month, and as further ramifications of the ongoing shutdown remain to be seen.

Portfolio:

We enter todays session holding only two setups after booking multiple profits this week so far.  We are currently holding CIFR and ONDS.  We do want to add but trying to be patient here and waiting for the right time to add.

Queue is igniting and next phase is really heating up for this market.  The strength on SPY is just mind blowing to watch.  The people denying whats building hate this.  The most hated rally continues to build and so many cotnue to miss it.  Just wait for the chase…7k S&P iin play by end of year now!?! I honestly cannot rule that out.