Afford Anything First Friday: The Government Shuts Down -- But Bitcoin is at an All-Time High?!?
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Oct 3, 2025 The U.S. government is shutting down, raising questions about its market impact, while Bitcoin hits record highs amid inflation fears. Explore the new jobs report and its implications for federal interest rates, as well as the resilience seen in the labor market. Discover why emotional investing can lead to costly mistakes during uncertain times and the dynamics of housing and retirement age shifts. Dive into the reasons behind the surge in Bitcoin and gold, with advice on maintaining discipline in your investment strategy.
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ADP Shows Small Firms Squeezed
- ADP reported a private-sector loss of 32,000 jobs in September, with smaller firms hardest hit and large firms adding jobs.
- The ADP sample is big but not a deliberately representative survey like the BLS, so interpret cautiously.
Market Had Already Priced In Fed Cut
- The Fed cut rates by a quarter point in September because markets had already priced it in, illustrating 'buy the rumor, sell the news.'
- Markets now expect two more quarter-point cuts in October and December, which influenced treasury and mortgage rates.
Use Buyer Leverage Now
- If you can afford to wait, avoid selling in today's buyer-leaning housing market because many owners are locked into much lower rates.
- Use current buyer leverage to negotiate price reductions and seller concessions when purchasing.