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# Weekly Roundup - September 7th
- URL: https://www.yardeniquicktakes.com/weekly-roundup-september-7th/
- Published: 2025-09-07T12:00:37.000Z
- Updated: 2025-09-07T12:00:36.000Z
- Author: Ed Yardeni
- Tags: Weekly Roundup

[US Labor Market Is In BalanceAugust’s employment report was released this morning. It was weaker than expected. The month’s payrolls rose by just 22,000\. June’s number was revised down by 27,000 to a decline of 13,000, while July’s number was revised up by 6,000 to 79,000\. August’s big losers were![](https://storage.ghost.io/c/16/ef/16efc0dd-240f-4f5e-9e01-d619d6fd4fd1/content/images/icon/circle-approved-yri-268.png)Yardeni QuickTakesEd Yardeni![](https://storage.ghost.io/c/16/ef/16efc0dd-240f-4f5e-9e01-d619d6fd4fd1/content/images/thumbnail/photo-1535924407980-e425c7be1b9b)](https://www.yardeniquicktakes.com/us-labor-market-is-in-balance/)

[Flocking Doves Tomorrow?Stock prices rose again today as the 10-year bond yield fell. Investors anticipate that tomorrow’s employment report for August will be weak. If so, then it is a sure bet that the FOMC’s majority will turn dovish and will vote to cut the federal funds rate on September 17\. Indeed,![](https://storage.ghost.io/c/16/ef/16efc0dd-240f-4f5e-9e01-d619d6fd4fd1/content/images/icon/circle-approved-yri-269.png)Yardeni QuickTakesEd Yardeni![](https://storage.ghost.io/c/16/ef/16efc0dd-240f-4f5e-9e01-d619d6fd4fd1/content/images/thumbnail/photo-1549589465-442e6195e54b)](https://www.yardeniquicktakes.com/flocking-doves-tomorrow/)

[Stock Market Oblivious To Weak Economic DataThe S&P 500 rose today despite a batch of weak economic indicators over the past two days. Investors perceive that bad news is good news if it increases the chances of a Fed rate cut on September 17\. Indeed, the odds of that happening are now 97.6%, according![](https://storage.ghost.io/c/16/ef/16efc0dd-240f-4f5e-9e01-d619d6fd4fd1/content/images/icon/circle-approved-yri-270.png)Yardeni QuickTakesEd Yardeni![](https://storage.ghost.io/c/16/ef/16efc0dd-240f-4f5e-9e01-d619d6fd4fd1/content/images/thumbnail/photo-1704223592999-ef8aa2131036)](https://www.yardeniquicktakes.com/stock-market-oblivious-to-weak-economic-data/)

[WEEKLY WEBCAST: What Could Possibly Go Wrong (with special guest Jim Lucier of Capital Alpha)September has a long history of being a tough month for the stock market. This has been particularly true over the past decade, based on the average year-to-date percentage change in the S&P 500 during Septembers (chart). But when September was weak in the past, it often provided buying![](https://storage.ghost.io/c/16/ef/16efc0dd-240f-4f5e-9e01-d619d6fd4fd1/content/images/icon/circle-approved-yri-271.png)Yardeni QuickTakesEd Yardeni![](https://storage.ghost.io/c/16/ef/16efc0dd-240f-4f5e-9e01-d619d6fd4fd1/content/images/thumbnail/photo-1499750310107-5fef28a66643-8)](https://www.yardeniquicktakes.com/weekly-webcast-europes-debt-trap/)

[Gold Is Shining More Brightly Than Ever BeforeWe turned bullish on gold last year when the spot price of the shiny metal decisively rose above $2,000 per ounce (chart). We attributed this new bull market in gold to Russia’s invasion of Ukraine in February 2022\. In response, the United States and its allies froze the international![](https://storage.ghost.io/c/16/ef/16efc0dd-240f-4f5e-9e01-d619d6fd4fd1/content/images/icon/circle-approved-yri-272.png)Yardeni QuickTakesEd Yardeni![](https://storage.ghost.io/c/16/ef/16efc0dd-240f-4f5e-9e01-d619d6fd4fd1/content/images/thumbnail/photo-1646627927874-be8c13d0ae1a)](https://www.yardeniquicktakes.com/gold-is-shining-more-brightly-than-ever-before/)

[ECONOMIC WEEK AHEAD: September 2 - 5This week is chock-a-block with data reports, all building up to Friday’s pivotal employment report. The August jobs release will offer a reality check of sorts following July’s surprisingly soft reading and significant downward revisions to results for May and June. It could determine whether the Federal Open Market Committee![](https://storage.ghost.io/c/16/ef/16efc0dd-240f-4f5e-9e01-d619d6fd4fd1/content/images/icon/circle-approved-yri-273.png)Yardeni QuickTakesEd Yardeni![](https://storage.ghost.io/c/16/ef/16efc0dd-240f-4f5e-9e01-d619d6fd4fd1/content/images/thumbnail/photo-1558025137-0b406e9cc169-15)](https://www.yardeniquicktakes.com/economic-week-ahead-september-2-5/)