Real Vision: Finance & Investing Fed Cut Hopes, Manufacturing Contraction, and Bitcoin's Resurgence: PALvatar Market Recap, October 2 2025
Oct 2, 2025
Market optimism surges despite worries of a U.S. government shutdown, driven by high hopes for Fed rate cuts. U.S. manufacturing shows mixed signals, with conflicting PMI reports. In the crypto realm, Bitcoin prices rally towards $119,000, and BlackRock’s ETF makes waves. The tokenization trend in finance is heating up, as industry leaders recognize its unstoppable potential. Plus, oil prices near four-month lows ahead of an OPEC+ meeting. Stay tuned for the latest in macro insights!
AI Snips
Chapters
Transcript
Episode notes
Risk-On Despite Political Gridlock
- Markets rallied despite a looming U.S. government shutdown and disrupted data releases.
- Investors interpreted weaker data as increasing the likelihood of Fed rate cuts and pushed equities higher.
Mixed Manufacturing Signals
- ISM manufacturing PMI printed 49.1, still below expansionary 50 but better than prior month.
- S&P Global's manufacturing PMI stayed at 52, showing a divergence between surveys.
Surprising Private Payroll Weakness
- ADP reported a surprising decline of 32,000 private sector jobs in September.
- That weakness reinforced market bets that the Federal Reserve will cut rates soon.