Market Memo

Look guys, I’ve used mixed week like 6 times already, so you know, gotta switch it up a bit. Now, let’s get to the news.The stock market had a mixed week as investors tried to make sense of some big economic developments, especially the end to the government shutdown(FINALLY!!!). Initially, the news that the government was reopening gave the market a boost, with the major indexes like the S&P 500 and the Nasdaq jumping up. However, that excitement didn’t last. You remember the whole we-hate-AI-now thing in the market last week? Well, it came back and Nasdaq tumbled a bit. Meanwhile, DOW hit its first ever close above the 48,000 mark. This is a traditional pattern of investors pulling out of the more newer industries and putting their money into the oldies and established companies. Beyond the stock prices themselves, the market was disappointed as usual about interest rate cuts. The government shutdown(it still finds ways to screw the market over) delayed the release of economic data and because of that the Fed has absolutely nothing to work with and they’re probably not gonna cut rates without knowing what’s going on. As a result the market became sad. I would rate this more of a negative week but I have seen worse, so we’re gonna stick to the whole mixed vibe. Thank you all for reading. Hopefully you liked it and see you all next week.