Keystone's trading robot, Keybot the Quant, flipped back to the bull camp yesterday at 10 AM EST at 6448 as Pope Powell brought the tablets down from On High and proclaimed that a rate cut is locked-in for 9/17/25. Equities explode higher on the happy talk that crony capitalism money-printing is right around the corner.
Interestingly, the SPX did not print a new all-time record high or all-time closing high although it would have been easy. Monday and next week will be interesting. Consumer Confidence is Tuesday and the EOM for trading is Friday. The US Labor Day holiday is the following Monday, 9/1/25. Stocks tend to be bullish the two days before a 3-day weekend (Thursday and Friday). The all-important jobs report drops on 9/5/25 that will be another wild day, up or down, for stocks.
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