Happy Wednesday! After one of the strongest September rallies in over a decade, the market’s mood is bullish, but is it sustainable? With October’s volatility looming, Goldman Sachs offers a forecast you won’t want to miss.

Also, the market’s surge has been powered by a select group of stocks, and a rare warning from the past has emerged, casting doubt on the rally’s sustainability. Is this a new era, or an old bubble in disguise? Read on to find out.

Plus, if you’re looking for a strategic way to tap into the rising global demand for copper, check out today’s sponsor.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• MARKET HISTORY

• ONE FOR THE ROAD

Goldman Warns: Enjoy The Market Calm While It Lasts — October Chaos Is Coming

September’s surprising market rally — the best in 15 years — has investors riding high, but Goldman Sachs warns the party could be ending soon.

October traditionally brings a surge in volatility as earnings season, Fed decisions and economic reports collide. Don’t forget about portfolio managers and firms pushing to boost their year-end performance. With all of this, are you positioned to handle the coming shake-up? Read on to uncover Goldman’s key insights and how to prepare your portfolio.

Copper Volatility Can’t Detract From Broader Supply-Demand Pressures

Copper’s role in electrification, infrastructure and defense continues to grow, but investing in the metal remains complicated due to storage challenges and fragmented pricing. The Sprott Junior Copper Miners ETF (COPJ) offers targeted exposure to early-stage copper mining companies positioned at the front lines of the global supply chain.

With holdings selected for their potential growth and alignment with long-term demand trends, COPJ simplifies access to a market otherwise shaped by long lead times and policy-driven bottlenecks. For investors seeking diversified entry into a critical resource theme, COPJ may be worth a closer look. Click here to learn more about this copper fund.

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Yesterday: U.S. indexes cooled off on Tuesday as concerns over high valuations weighed on investor sentiment, as well as AI’s lofty projections and remarks from Fed Chair Jerome Powell, which spooked investors. Despite hitting new all-time highs earlier in the day, all indexes pulled back sharply to finish in the negative as Powell noted in his speech that equity prices are “fairly highly valued” and warned that the path for rate cuts remains uncertain. In addition, Nvidia’s $100 billion investment in OpenAI is raising alarms on Wall Street, and fears of a government shutdown continue to grow as budget negotiations stalled ahead of the September 30 deadline.

On Our Radar: Analysts will be watching new home sales, crude oil inventories and a speech from San Francisco Fed President Mary Daly. On the earnings front, all eyes will be on KB Home (KBH) which reports after the market close today, as well as CarMax (KMX) which reports Thursday pre-market.

Shares of Paramount Skydance (PKSY) and Halliburton (HAL) were soaring Tuesday while Oracle (ORCL) and Synopsys (SNPS) dropped sharply. But those weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Tuesday.

Discover how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

Final Chance: Get The Metals Game Plan Before The Next Breakout

Gold and silver are on a historic run… but most traders get caught chasing metals after the breakout. Matt Maley prepares in advance. Tonight at 6 p.m. ET, he’ll show you the signals, levels and trade structures he uses to capture volatility in real time so you can trade the next big move.

On This Day In 1869…

Financial panic erupted when speculators Jay Gould and James Fisk attempted to corner the U.S. gold market by aggressively buying up gold to drive prices higher. Their manipulation caused gold prices to soar, and after learning what they were doing, President Ulysses S. Grant and the U.S. Treasury intervened by selling $4 million in gold. The sudden flood of supply caused prices to plummet from around $160 to $135 per ounce in minutes, triggering a sharp crash in the gold market and a broader sell-off on Wall Street. Fast forward to today, and gold made another record high of $3,800 per ounce.

QUOTE OF THE DAY

“The investor of today does not profit from yesterday’s growth.”

— Warren Buffett

The Magnificent 7 Boom Just Triggered A Dot-Com Era Warning

The stock market has been on fire, and the “Magnificent Seven” continue to lead the charge by smashing records and racking up trillions in market cap.

But with the massive run, a signal not seen since the top of the dot-com boom has quietly reappeared — and it’s raising serious questions about how long this tech-driven rally can last. Is this a new era, or an old bubble in disguise? Read on to find out.

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