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Good morning.
Happy Labor Day. It’s September, which is historically a bad month for stocks. A lot of people will lose interest in markets over the next 30 days. The secret is to stay focused and look for opportunities as they present themselves. Here’s to turning a typically brutal month into a four weeks of opportunity hunting 🥂
Most of Trump’s Tariffs were ruled illegal last Friday as markets came to a close. Trump wants to take the case to the Supreme Court.
Alibaba is having a great day in Hong Kong markets (up 19%), building on momentum from the US last Friday. Will the stock gap up tomorrow morning in the US or settle?
And a huge theory on why the White House might repeat its Intel investment in the very heart of the AI industry: data centers.
This week, we’ve got quite a bit of new data coming down the pipeline, with reports on US manufacturing and jobs data and some important EU data as well.
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📰 Market Headlines
Stocks climbed to new records last week, with the S&P 500 above 6,500 for the first time.
The Dow rose 0.2%, the S&P 500 slipped 0.1%, and the Nasdaq fell 0.3%.
A federal appeals court struck down most of President Trump’s tariffs in a 7–4 ruling, saying his emergency powers justification was invalid. The tariffs remain in place while the administration appeals to the Supreme Court, but the decision leaves businesses facing months of uncertainty.
Playbook for tomorrow:
Watch retailers’(WMT, TGT, BBY) response to tariff news—they’ve already warned about cost pass-through (see below).
Industrial imports/exports (CAT, DE, steel ETFs like SLX) may get volatility when the opening bell rings tomorrow.
Alibaba shares (in Hong Kong) jumped 19% today on positive news about its cloud computing unit. $BABA is also developing a new chip, likely to fill the gap left by Nvidia as it works through regulatory issues. The delicate balance of cooperation and cutthroat competition in the world of AI development continues to shakily unfold.
Playbook for tomorrow:
$BABA popped +19% in HK; could ADRs gap up Tuesday? Keep an eye on futures.
Is Trump planning to repeat his Intel investment in the data center industry? Comments from the White House make it seem like the government is already eyeing the defense and shipbuilding industries as investment opportunities. But Darrell West, senior fellow in the Center for Technology Innovation, sees data centers as a possibility, too:
“Data centers are at risk because they need a tremendous amount of energy and they have to go through a permitting process that gives the government great leverage over them. These companies are going to need government assistance to really operationalize these plans." Read more.
Retailers are already passing costs to consumers. Walmart, Target, and Best Buy warned that tariff-driven price hikes are creeping into groceries, home goods, and electronics. J.M. Smucker’s coffee profits plunged 22% under tariffs, while Hormel stock tumbled 12% after flagging steep input costs.
The August jobs report lands Friday, the first since July’s revisions erased 250,000 previously reported job gains. Economists expect 73,000 new jobs and unemployment rising to 4.3%.
Fed Chair Powell called the labor market “curious” at Jackson Hole, signaling September rate cuts are likely. President Trump’s attempt to remove Fed governor Lisa Cook remains unresolved after a hearing left the decision in limbo.
Cash-strapped homeowners are tapping equity to pay down record debt. Cash-out refinances made up 59% of all refinancing in Q2, with borrowers who cashed out pulling an average of $94,000 despite taking on mortgage rates 1.45 percentage points higher.
Consumer debt hit a record $5.44 trillion, while tappable home equity reached $11.6 billion. With credit card rates averaging 21%, many borrowers still come out ahead even after refinancing into mortgages at around 6.5%.
This week’s economic data schedule:
• Monday: Labor Day, EU unemployment data
• Tuesday: US manufacturing data, EU inflation data
• Wednesday: JOLTS Job Openings, EU PPI (producer price index)
• Thursday: US unemployment claims
• Friday: US non-farm payrolls data, EU GDP— #Stocks & Income (#@stocksandincome)
1:58 PM • Sep 1, 2025
😱 Fear and Greed Index
🤖 AI/Future/Tech News
Taco Bell rolled out voice AI ordering at more than 500 drive-throughs, but viral fails like a prank order for 18,000 water cups have the chain rethinking how broadly to use it.
WhatsApp patched a zero-click bug that let spyware infiltrate iPhones and Macs without user interaction.
The US revoked authorizations that let Samsung and SK Hynix buy chipmaking gear for their China fabs without licenses.
🪙 Crypto
A Japanese nail salon company announced a $3 billion plan to acquire 21,000 Bitcoin by March 2027.
A Bitcoin whale awakened after seven years and moved $1.1 billion of BTC on Friday, continuing its massive rotation into ETH.
President Trump's World Liberty Financial token WLFI opens for trading on Monday ahead of Labor Day.
Grayscale filed S-1s for Polkadot and Cardano ETFs, continuing the altcoin ETF wave.
El Salvador split its 6,284 BTC treasury across 14 addresses to guard against quantum computing threats.
🤫 Insider Trading
📊 IPOs and Earnings
🎙 What Do You Think?
How are you spending your labor day?
🎤️ What you said last time
“Nobody knows anything”
Image: Yummy Future, Research Park
Y Combinator-backed Yummy Future is building robotic cafes that cut labor costs, reduce waste, and have already shown 10x revenue growth with a 300% jump in profit margins. The raise is oversubscribed with $3 million+ committed, but you can still get in for as little as $250 on Wefunder.
🧠 The Missing (Market) Links
She started selling Pokémon cards on the playground. Now, Lucy Guo is Forbes’ youngest self‑made billionaire at 30 after a $25 billion Meta deal.
Inflation just hit a 6‑month high at 2.9% in July—yet Americans still spent more, with consumer spending up 0.5%. What does that mean for the Fed’s September cut?
The average US wedding now costs $35,000—and brides are buying 12+ outfits just to keep up with Instagram.
📜 Quote of the Day
“Activity is the enemy of investment returns.”
📢 We want to hear from you
We love hearing from you, and we deeply appreciate your feedback.
⭐️ What did you think of today's edition?
That’s all for today. Did we miss anything? Smash the reply button to let me know.
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.