Following Friday's in-line PCE Price Index report, traders were pricing in an 85.5% chance of a quarter-point rate cut in October.<\/p>\n
This is down slightly from last week.<\/p>\n But next week, we get several key employment data points:<\/p>\n If labor markets continue to deteriorate, don't be surprised if that number goes to 100%.<\/p>\n This quarter, we've seen notable strength in biotech, semiconductors, gold, small caps, and regional banks.<\/p>\n That implies traders have been bracing for lower rates, in a classic example of pricing moving before the fundamentals change.<\/p>\n And interestingly, we looked at our universe of 30 ETFs, and only 2 are negative in Q3: consumer staples<\/strong> (XLP) and natural gas<\/strong> (UNG):<\/p>\n Hands down, this is the most entertaining video I've seen this year.<\/p>\n Pharma bro and Wu-Tang Clan antagonist Martin Shkreli laid the smack down on quantum computing stocks like IonQ in an intense debate with Shay Boloor of Futurum Equities.<\/p>\n It was released months ago, but went viral on Twitter\/X this week.<\/p>\n WARNING: you may be tempted to short quantum stocks after you watch this. And depending on the market environment, that may be hazardous to your health.<\/p>\n If you're long ANY quantum computing stocks, please watch this video.<\/p>\n Thank me later when you sell all your stocks.@MartinShkreli<\/a> MOGGED.<\/p>\n Shay is in fucking TEARS @ the end.<\/p>\n Hard to not take out a mammoth short position after watching this lol.$QBTS<\/a> $RGTI<\/a> $IONQ<\/a> $ARQQ<\/a> $QUBT<\/a> pic.twitter.com\/bz8iyTORm3<\/a><\/p>\n \u2014 Zoomer \ud83e\udde2 (@zoomyzoomm) September 24, 2025<\/a><\/p><\/blockquote>\n![\"\"](\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/09\/Economic-Data-Charts-15.png\")
<\/a><\/p>\n\n
2. Equities Are Pricing in Lower Rates<\/strong><\/h2>\n
<\/a>
\nData: Koyfin<\/em><\/p>\n3. Martin Shkreli Put Quantum Stocks on the Hot Seat<\/h2>\n
\n