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Good morning.
It’s Friday September 5th, and we’re 1/6th of the way through what’s historically the worst month of the year in the stock market. So far, we’re in mostly good shape, but choppiness is to be expected, and recent drama probably won’t help…
The Federal Reserve drama just went nuclear. The Justice Department opened a criminal probe into Fed Governor Lisa Cook over alleged mortgage fraud, accusing her of juggling multiple “primary residences.” More on the fed below & how it might matter to the future of the government.
Markets don’t seem fazed yet. The Dow, S&P, and Nasdaq all closed at fresh records Thursday, but today’s jobs report could flip the script. Private payrolls came in light, just 54,000 versus the 75,000 expected, and the weakness is fueling bets that the Fed will finally pull the trigger on cuts this month.
Meanwhile, mortgage rates are sliding, construction jobs ticked up, and yet housing demand still looks shaky. Add in tariff uncertainty and CEOs freezing hiring plans, and you’ve got a market that’s running hot on the surface but cooling underneath.
As an investor, consider keeping some of your capital liquid and on the sidelines for buy-low opportunities heading into Q4.
We’ll go into much more below: the Fed fight, the jobs print, and one overlooked sector that could surprise investors this fall, as well as how you as an investor should consider playing this set of circumstances…
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📰 Market Headlines
Stocks climbed to new records Thursday as investors braced for today’s jobs report.
The Dow rose 0.8%, the S&P 500 gained 0.8%, and the Nasdaq added 1%.
Private payrolls increased by just 54,000 in August, well below the 75,000 forecast.
Hotels and restaurants drove most of the gains, while manufacturing, transportation, education, and healthcare shed jobs. Economists say the slowdown strengthens the case for Fed cuts this month.
The Justice Department opened a criminal probe into Fed Governor Lisa Cook over alleged mortgage fraud, accusing her of listing multiple homes as primary residences. Trump already terminated Cook over the allegations, and she has filed suit challenging the firing. The case could reach the Supreme Court, and it raises fresh questions about the Fed’s independence as Trump pressures Powell to slash rates.
Meanwhile, Trump’s Fed nominee Stephen Miran faced a contentious Senate hearing on Thursday.
Democrats grilled him over past comments calling for “shock therapy” rate hikes, while Republicans praised his push for tighter monetary policy. If confirmed, Miran would tilt the Fed more hawkish just as markets expect aggressive cuts.
Mortgage rates have tumbled in recent weeks, but housing demand remains uneven. Construction added jobs in August, though economists warn those gains are seasonal and unlikely to last.
Trade tensions remain a drag on sentiment. Business leaders say they are reluctant to hire until they know the full scope of tariffs and how much the new duties will cost them. Some firms are leaning on AI to fill gaps, while others are leaving positions unfilled.
😱 Fear and Greed Index
🪙 Crypto
Bitcoin tumbled to $109,500 after failing to crack $112,000 resistance, sliding over 2% as US jobs data failed to lift markets. $BTC.X ( ▼ 0.97% )
The SEC's Paul Atkins loaded up the agency's policy agenda with crypto work, targeting April for new rules on digital asset trading and exemptions.
Nasdaq tightened oversight of firms raising funds to buy crypto, requiring more shareholder votes and disclosures.
Stripe and Paradigm launched Tempo, a payments-focused blockchain on a private testnet, with early partners including Anthropic and OpenAI.
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🚨 Trending on Reddit
Newegg mentions jumped after the stock ripped 26.7% in a single day. The surge wasn’t tied to company news but to meme‑stock veteran Vladimir Galkin boosting his stake to 17.6%. We’ve seen his buys move markets before, and Reddit is buzzing over whether this is a genuine squeeze setup or just another quick pump. $NEGG ( ▲ 18.2% )
🤫 Insider Trading
♣️ Alternative Investment News
Carlyle Group raised $20 billion to buy second-hand private equity stakes after a slowdown in deals left $3.6 trillion in assets stuck in PE portfolios.
Private equity giant KKR snapped up Samhwa in a $528 million deal. The South Korean cosmetics packaging firm supplies more than 300 brands.
Gold slipped from a record high, falling 0.3% to $3,547.68 an ounce as traders took profits.
US Treasuries emerged as a surprise winner, holding up despite surging deficits and aggressive tariff policies.
📊 IPOs and Earnings
Broadcom drew attention ahead of Q3 earnings as analysts focused on its AI chip sales and Nvidia rivalry; shares grew 1.2%.
Copart jumped 3.8% after HSBC upgraded the stock to Buy from Hold, raising its target to 62, following a 20% slide since May.
Lululemon gained 3.8% before earnings on expectations of a 7% revenue increase and EPS of 2.88.
Samsara reported Q2 revenue up 30% year-over-year and guided Q3 higher. Shares barely moved, inching up 0.9%.
Guidewire Software beat estimates with EPS of 0.84 versus 0.63 expected and revenue above forecasts. Shares dipped just over 1%.
Ciena delivered Q3 revenue growth of 29% and net income of 50.3 million, fueled by cloud demand. Shares ripped over 23% in a bull run.
🚚 Market Movers
American Eagle jumped 35% after second-quarter earnings beat expectations, fueled by its Sydney Sweeney campaign that sold out within a week.
Citi transferred $80 billion of client assets to BlackRock, closing its last in-house asset manager and outsourcing more of its wealth unit.
Figma tumbled 19% after its first post-IPO earnings. Revenue rose 41% to $249.6 million, but valuation worries erased $6 billion in market cap.
Palantir has doubled in 2025, up 106%, but is down 19% from August highs. At its AIPCon, it announced new deals with Lear and Lumen.
ConocoPhillips plans to cut 20–25% of its workforce as early as November 10th in a broad restructuring.
Oracle is eliminating thousands of jobs worldwide. State filings confirm cuts in Seattle and California, while internal estimates expect about 3,500 layoffs.
🎙 What Do You Think?
Will September Turn Out Well?
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🎤️ What you said last time
“Half the market is in a bear market, while basically 9 companies are in a bull run. It’s weird right now, plain and simple.”
🎪 Crowdfunding Showcase
A biotech startup is using adeno-associated virus (AAV), a proven gene therapy tool, to train the immune system to attack cancer.
In preclinical studies, Siren Biotechnology’s approach wiped out tumors in most animals and delivered an 86% survival rate in aggressive brain cancer models. Backed by Founders Fund, Lux Capital, and Innovation Endeavors—the same firms that helped launch companies like Spotify and Airbnb—they’re now opening the door to retail investors.
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🧠 The Missing (Market) Links
Regional lenders scrambled to cover a $395 billion bond hole by selling stock, with at least three banks raising cash to revamp their portfolios.
Nasdaq proposed a rule forcing Chinese IPO hopefuls to raise at least $25 million to list in New York, aiming to curb pump-and-dump microcaps.
The White House slammed Norway’s $2 trillion wealth fund after it dumped Caterpillar, calling the divestment “very troubled” and hinting at retaliation.
A consulting firm warned that as many as 370 private colleges could shut down or merge in the next decade as student enrollment shrinks.
Gallup showed Americans’ moral views plateaued on issues like divorce, teenage sex, and polygamy after decades of steady increases.
📜 Quote of the Day
Price is what you pay. Value is what you get.”
📢 We want to hear from you
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⭐️ What did you think of today's edition?
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Cheers,
Brandon & Blake of Invested Inc
Thumbnail image: Maurizio Pesce, Flickr
The information provided in Stocks & Income is for informational and educational purposes only and should not be construed as financial advice, investment advice, or a recommendation to buy or sell any securities. Stocks & Income is not a registered investment advisor, broker-dealer, or licensed financial planner. Always do your own research and consult with a licensed financial advisor before making any investment decisions. We may hold positions in or receive compensation from the companies or products mentioned. Disclosures will be made where applicable.