September 2025 – Monthly Commentary

Investors and traders find themselves in a challenging predicament. With the government closed for business, the branches that report economic data cannot do so. This comes at a time of transition in the market. At the last FOMC meeting the message was that concern over the state of the labor market had risen as the new jobs added over the last several months had deteriorated significantly. The first day of closure was October 1st, just days before the release date of the September jobs report, which was expected to show the economy added 50,000 jobs in the month.