Stock Market Today With IBD Market Quiet As Government Shutdown Looms; Nvidia, Ralph Lauren, Pagaya In Focus
Sep 30, 2025
Ken and Ed dive into a quiet market, highlighting a record close for the Dow. They discuss NVIDIA's recent breakout and Ralph Lauren's stability as a safe investment. The potential impact of a government shutdown on economic data is analyzed, alongside insights into the jobs market and mixed signals in consumer confidence. They also explore sector rotation, the influence of fund managers' quarter-end buying, and the struggles of certain payment processors and lender stocks. Finally, a look ahead to Q4 suggests volatility on the horizon.
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Shutdown Fears vs Market Strength
- The market finished modestly higher despite a quiet day and shutdown fears.
- Historical shutdowns haven't always derailed rallies, so investors seem relatively unconcerned.
Data Gaps And Conflicting Signals
- Economic data may be delayed by a shutdown, including Friday's jobs report.
- Mixed signals (weak consumer confidence, strong JOLTS) still indicate a healthy jobs market.
Breadth Behind The Rally
- Market breadth shows strength even with growth-stock selling beneath the surface.
- Monthly gains have been strong since April, favoring early entries into leaders.