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Jobs Jitters, Rate Cut Hopes · The SPY Trader

• 0:00
  Welcome , savvy investors , to Spy Trader !
• 0:03
  I'm your host , Captain Cashflow , and it's 6 am on Saturday , September 6th , 2025 , Pacific time .
• 0:10
  We're here to break down the past few days on Wall Street and help you navigate the week ahead .
• 0:15
  It's been a bit of a rollercoaster , with market resilience tempered by some economic jitters , but with a clear focus on the Fed .
• 0:23
  Let's quickly recap the week's headlines .
• 0:26
  The US stock market had a mixed performance .
• 0:29
  The S&P 500 and Nasdaq Composite posted modest gains , while the Dow Jones Industrial Average saw a slight decline for the second straight week .
• 0:39
  On Wednesday , the S&P 500 rose 0.5% and Nasdaq climbed 1% , thanks to big tech .
• 0:48
  Thursday saw all three indexes up , with the S&P 500 hitting a new record , up 0.8% .
• 0:57
  However , Friday brought a slight dip , with the Dow shedding 0.5% and the S&P 500 falling 0.3% , following a weakerthanexpected jobs report .
• 1:09
  Yeartodate , we're looking strong , with the Nasdaq up 12.4% , the S&P 500 up 10.2% , and the Dow up 6.7% , all hovering near record highs .
• 1:23
  Sectorwise , communication services led the pack , up 3.64% , followed by consumer cyclical .
• 1:31
  Tech stocks , especially those in AI , performed well , and real estate saw gains on Friday due to ratecut optimism .
• 1:39
  On the flip side , energy was the worst performer , down 3.13% , with financial services also declining .
• 1:47
  Now for some specific movers .
• 1:50
  Broadcom ( AVGO ) surged over 9% on Friday after beating quarterly results , driven by booming AI demand , with reports suggesting OpenAI is a new multibilliondollar customer .
• 2:04
  Micron Technology ( MU ) also climbed 4.6% on Thursday .
• 2:09
  Alphabet ( GOOG ) jumped 9% on Wednesday after a federal judge spared it from selling its Chrome browser in an antitrust case .
• 2:18
  Macy's ( M ) stock soared almost 13% on Wednesday after reporting strong secondquarter results .
• 2:26
  However , Lululemon ( LULU ) tumbled a massive 18.6% on Friday after its second profit warning , citing disappointing U.S.
• 2:35
  operations and higher tariffs .
• 2:37
  Tesla ( TSLA ) gained 3.6% on Friday on news of Elon Musk's performancebased pay package .
• 2:46
  But Nvidia ( NVDA ) , Microsoft ( MSFT ) , and Amazon ( AMZN ) all dropped on Friday , reportedly due to President Trump's warning of semiconductor tariffs .
• 2:58
  Moving to the broader economic picture , the big news this week was the August jobs report .
• 3:04
  It showed the US economy added a mere 22,000 nonfarm payrolls , significantly missing the expected 75,000 .
• 3:14
  This is the fourth consecutive month of weakening labor growth , and the unemployment rate climbed to a fouryear high of 4.3% in August .
• 3:23
  This weak data has strongly reinforced expectations for a Federal Reserve interest rate cut at their upcoming meeting on September 1617 .
• 3:34
  Some financial institutions are now projecting at least two to three rate cuts in 2025 , with an 85% to 99.4% probability of a 25basispoint cut this month .
• 3:48
  Inflation is still on our radar , with August CPI due on September 11th , and nowcasts suggesting it remains above the Fed's 2% target .
• 3:59
  Consumer sentiment is also weakening , indicating consumers are tightening their belts , prioritizing essentials over discretionary spending .
• 4:08
  Finally , a judge's ruling that President Trump's