Weekend Update 10/5/2025
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
Markets rally despite US shutdown—could momentum reverse?
🏛️ Shutdown. At midnight on Wednesday, the US government went into a shutdown as Republicans and Democrats couldn’t come to an agreement for funding. Markets largely shrugging off the shutdown, but delayed macro data appears to be one of the first impacts.
💼 Soft jobs. While the headline jobs report was delayed due to the shutdown, markets still got new job openings from August and ADP private employment from September. #LaborMarkets appear to remain weaker than expected.
🫠 Melting up. Despite the shutdown, markets continued to climb this week particularly after the weak ADP private jobs that bolsters faster #RateCuts. The S&P 500 ends up 1.1% for the week.
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The statements, opinions and analyses presented here are provided as general information. This article is the opinion of the author. Anything within this article should NOT be considered an investment recommendation or advice. See Ursa’s full disclosures here.