Squawk on the Street Stocks Extend Records Amid Govt. Shutdown, AI Boom vs. Bubble, Goldman Sachs CEO's Market Warning 10/03/25
5 snips
Oct 3, 2025 The S&P 500 and Nasdaq reach new highs despite a government shutdown halting the September jobs report. The AI boom raises questions about a potential bubble, and Goldman Sachs' CEO warns of a future market drawdown. Discussion surrounds the contrasting fates of bank stocks and tech giants, along with insights on retail trends showcasing economic divides. Concerns about falling behind in the global AI race intensify, while recent downgrades for major players like Apple stir debate among investors. Economic impacts of the prolonged shutdown loom large.
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Hold Apple Unless You Trade Aggressively
- For most individual investors, Cramer recommends 'hold, don't trade' on Apple amid conflicting analyst calls.
- Avoid frequent trading around analyst flip-flops unless you are an aggressive hedge-fund style trader.
AI Announcements Keep Investor Momentum
- AI announcements and deals (OpenAI, CoreWeave, Oracle) keep fueling investor enthusiasm and valuations.
- Cramer notes repeated correct calls by AI proponents make it hard to bet against major AI investors like Jensen Huang and Larry Ellison.
Use Payroll Data To Track Labor Trends
- Rely more on automatic payroll and private payroll data for timely labor signals when survey response rates drop.
- Consider ADP and similar automatic data sources to supplement or cross-check BLS reports during disruptions.
