Market Commentary for Monday, September 22, 2025, by Peter Cook
We are seeing the tape show some marginal weakness with #GBTC and #FFTY down.
The news from the weekend was that the BLS has quietly decided not to release the report that shows the new weightings for items in the CPI calculations. You can make of that what you will, but you can tell they are worried about #inflation, and you should be too.
It won't help much to mess around with the weightings on the CPI calculations because stores are passing along tariffs in non-transparent ways. They aren't just going up there and saying "hey this is a tariffed item, it's going to be 50% more now please." They are looking at everything they sell and raising the price on all of it and an effort to try to get past the BS detectors of shoppers, hoping not to peeve the administration.
Or they are doing stuff like the automakers are doing and raising "fees" they charge customers (like the destination charge / delivery fee) for the car. The lawyering out there is out of control. If you are a consumer, you need to read the fine print now just to buy a can of beans at the store and not get ripped off.
We gapped down, but we are seeing the 0DTE Options markets show panic and we are sitting on top of the 0DTE Implied lows. Usually means we close green. Last 10 times that has happened, we Average a +0.65% move on QQQ with 9/10 higher. I'm aggressively trading longs today.
Levels:
All the best;
Peter Cook
#NQ_F Chatroom Chief Moderator
Hamzei Analytics, LLC
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This email went out to Members at 1001 ET on Sept 22nd.
