Government Shutdown and Economic Data - The Senate has passed a bill to end the government shutdown, with the House set to vote next [2] - The passing of the bill is expected to reduce market uncertainty and allow for the release of key economic data [3][6] - The September employment report, initially expected in early October, is now anticipated shortly after the government reopens, potentially by mid-November [4][5] Labor Market Insights - Recent ADP weekly estimates indicate a decline of 11,000 jobs, marking a negative trend over the past month [8][9] - Major employers like Amazon and UPS are downsizing, suggesting a weakening labor market ahead of the holiday season [10] - The relationship between job openings and unemployment rates is becoming concerning, indicating potential fragility in the labor market [11][12] SoftBank and Nvidia Stake - SoftBank has sold its entire stake in Nvidia, amounting to approximately $5.8 billion from 32.1 million shares [16] - The sale raises questions about whether SoftBank is capitalizing on AI investments or facing challenges in securing capital for projects [17] - Nvidia shares have dropped by 3% following the news, reflecting a potential shift in investor sentiment towards tech stocks [18] SoftBank's Financial Performance - Despite the Nvidia sale, SoftBank reported its best quarter in three years, achieving a net profit of $16 billion [19] Gold Market Trends - Gold has shown resilience, outperforming the NASDAQ over various time frames and stabilizing in the current market environment [21] - The price of gold is currently above both the one-week and one-month moving averages, indicating a positive technical outlook [21][22]