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Good morning investors! The market fell yesterday after an impressive run.
Today we cover:
Impact of government shut downs
Oracle in trouble?
A look at Tesla
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📊 Economy and News
Stocks and government shut downs – what history says
Despite concerns about the ongoing government shutdown, historical data suggests the S&P 500 typically rises after such events, with a notable 36% surge in the year following the 2019 shutdown and a 19.7% gain 100 days after the 1982 shutdown. However, outcomes vary, as seen with a 4.5% drop 100 days after the 2018 shutdown.
Currently, the S&P 500 has gained 0.80% from Oct. 1 to Oct. 6, 2025, even hitting new highs.
Experts attribute this resilience to markets focusing on future conditions, like potential Federal Reserve rate cuts, rather than political noise.
Investors are advised to stay calm, avoid reactive decisions, and maintain diversified portfolios through ETFs or mutual funds for better stability during uncertainty.
Global hits:
IMF warns banks and supervisors of liquidity risks in $9.6 trillion FX market.
Canada’s August trade deficit widens more than forecast as exports drop.
UK workers face growing wealth gap challenge.
Controversial: Trump suggests not all furloughed workers will get back pay.
Thoma Bravo founder Orlando Bravo sees AI company valuations “at a bubble,” comparing it to the dot-com era.
The New York Fed’s monthly Survey of Consumer Expectations found that fewer households expect to be better off a year from now.
News from Japan: Japanese workers saw real wages fall for the eighth straight month in August, with a double-digit decrease in one-off compensations on top of relentless inflation outpacing nominal pay growth. Also, business confidence in Japan’s auto sector has plunged, helping push a manufacturers’ sentiment index to its first decline in four months. Pressure from different sectors has also caused the Yen to drop to a 7-month low.
Reminder: Gold price reaches $4,000 an ounce for the first time ever as Ray Dalio says today is like the early 1970s and investors should hold more gold than usual.
Important: This week's Carlyle analysis reported only 17,000 new hires added to the economy. If confirmed by the BLS, this would mark the weakest month in five years, aside from March's -13,000 figure. However, Goldman Sachs data offers a brighter outlook, showing a +80,000 boost in September hirings.
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📈 Stocks
S&P 500 6,714.59 (-0.38%)
DJIA 46,602.98 (-0.20%)
NASDAQ 22,788.36 (-0.67%)
BRENT CRUDE 65.85 (+0.61%)
* Prices as of Oct 8th, 12:20 AM UTC
Oracle Stock Dips Amid Nvidia Chip Concerns
Oracle's stock fell 3% following a report questioning the profitability of its Nvidia chip-based cloud business.
The report cited internal documents showing a 14% gross margin on $900 million in sales for the three months ending August, far below Oracle's overall 70% margin.
High Nvidia chip costs and aggressive AI chip rental pricing may challenge Oracle's cloud profitability. Despite this, Oracle reported a 359% surge in cloud contract backlogs in September and projects $144 billion in cloud infrastructure revenue by 2030, driven partly by its role in OpenAI's Stargate project, involving five large-scale AI data centers.
Interestingly, Dell Technologies CEO Michael Dell said that demand for AI computing power is “tremendous.” However, he believes that “at some point there’ll be too many” AI data centers.
More importantly, Nvidia CEO thinks that Oracle will be ‘wonderfully profitable’ despite the low margin.
Check this: Intel to reveal tech details on forthcoming PC chip. In other news, The Motion Picture Association called out OpenAI’s new video generation model Sora 2 for copyright infringement.
From Tesla: Tesla dropped 4.45% despite the EV giant announcing new, "more affordable" models: a $40,000 Model Y and a $38,000 Standard model.
Investors were unimpressed, as $40k remains steep in a market favoring used cars ($27k-$30k) and with the $7,500 U.S. tax credit gone.
Competitors like Nissan, Hyundai, Chevy, and Ford offer EVs under $40k, while Chinese brands like BYD sell models as low as $12,000 globally. This marks Tesla’s first product update since the 2023 Cybertruck, which sold only 50,000 units, trailing Rivian and Ford’s 58,000 EV trucks and SUVs in 2024.
Look here: Qualcomm has acquired Arduino to boost AI hardware portfolio. Elsewhere, Nvidia says it will continue to sponsoring H-1B visas despite the fee hike. Lastly, Boeing has received conditional EU approval for $4.7B Spirit deal.
💵 Personal Finance
Top 10 In-Demand Jobs
Despite a tough job market with reduced hiring and increased competition, certain roles remain in high demand, according to a Monster report.
Health care dominates, with six of the top 10 job titles:
Registered nurse
Physical therapist
Radiology technician/technologist
Speech language pathologist
Respiratory therapist
Occupational therapist.
Logistics roles like truck driver and delivery driver, along with sales representative and customer service representative, also rank high.
Job seekers are advised to tailor applications specifically to each role rather than mass-applying. Seasonal retail and hospitality hiring is also picking up for the holidays.
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👩🏽⚖️ Legal Stuff
Nothing in this newsletter is financial advice. Always do your own research and think for yourself.