BY ANDREW GIOVINAZZI
September 9th, 2025
Not long ago the President fired the BLS Head because he did not like the numbers. Maybe, just maybe, the BLS is doing a bad job when they just erased 1 million jobs for the year ending March 2025. That means most of 2024 did not create any jobs except whoever Uncle Sam hired. Somehow the BLS needs to do a better job. I am thinking the internet might help businesses answer questions better and more completely.
The last live concert I went to was Hootie and the Blowfish—long after Darius Rucker had reinvented himself as a country music star.
Opening for Hootie was none other than the Barenaked Ladies—surprisingly entertaining, all things considered. Tomorrow, though, the stage belongs to the markets: we’ve got the PPI report, ongoing tariff tensions, and some key economic results on deck.
The PPI report is this week’s warm-up act—setting the tone ahead of next week’s main event. I’ll be trading it closely in Weekly Profit Cycles.
Just like any good opener, its job is to get the crowd fired up.
The PPI and CPI number could cause problems
If either of these warm-up acts comes in “hot,” traders could get skittish about holding positions into next week. Still, bullish momentum persists—news from Alphabet Inc. (Ticker: GOOGL) and NBIS has already reignited a rally. Despite the uncertainty, investors seem eager to stay long heading into the data.
The FOMC rate cut % is 100% right now. That is pretty certain in my book.There could be a short term derailing but that will be a buying opportunity in stocks and the SPDR S&P 500 Trust ETF (Ticker: SPY) in particular.
Right now, the market is pricing in a 100% chance of an FOMC rate cut—that’s about as certain as it gets. Sure, there could be a short-term bump in the road, but any pullback would likely be a buying opportunity, especially in names like the SPDR S&P 500 ETF (Ticker: SPY).
If the upcoming PPI and CPI numbers land anywhere near expectations, we could see stocks surge and the VIX tumble. Just like a great warm-up band gets the crowd on its feet, the PPI report could kick things off with energy tomorrow morning.
To Your Trading Success,
AG