Blog
Weekend Update & Market Outlook 9/20/2025

Weekend Update & Market Outlook 9/20/2025

September 20, 2025

Here’s your weekly U.S. stock market summary for the week ended Friday, September 19, 2025, using your three‑section template, followed by a 30‑day outlook and note about the thumbnail/logo.

1) Last Friday vs. This Friday Closes (SPY, QQQ, IWM)

ETF

Close on Friday, Sept 12, 2025

Close on Friday, Sept 19, 2025

Change (abs / % approx)

SPY

$657.41  

$663.70  

+6.29 / +0.96%

IWM

$238.34  

$242.98  

+4.64 / +1.95%

QQQ

(Data found for Sept 19: $599.35)  but I couldn’t find a reliable Sept 12 close in sources checked.

$599.35  

Interpretation:

  • SPY gained nearly 1% on the week.
  • IWM outperformed, with almost +2%.
  • QQQ is up (from an unknown base) to $599.35, suggesting tech remains strong though we can’t compute its exact weekly % without the starting point.

2) Upcoming Week’s Key Economic Reports & Market‑Moving Events (Sept 22‑26, 2025)

From available calendars and previews:

  • Flash PMI surveys (U.S.) — early in the week, for manufacturing & services to give growth/inflation direction.  
  • Core PCE Price Index (Personal Consumption Expenditures, U.S.) — important inflation metric, expected Friday.  
  • Revised U.S. GDP numbers — third estimate for Q2 likely in week.  
  • Consumer confidence data — U.S., also lined up in week’s economic preview.  
  • Home sales data (existing, new) — mid‑week reports.  
  • Durable goods orders & inventories — parts of the calendar toward end of week.  

Other events:

  • The Fed meeting is recent/past, so less likely that, but markets are reacting to expectations around further rate cuts.  
  • Housing‑sensitive sectors are getting attention given recent and upcoming housing data.  

3) Upcoming Week’s Major U.S. Earnings (with Pre‑market / After‑close Notes)

From various sources:

  • Micron Technology (MU) — Next earnings September 23, 2025.  
  • AutoZone (AZO) — Also expected during week (Sept 23) per preview.  
  • KB Home (KBH), Worthington Steel (WS) — earnings this week (Sept 24).  
  • Accenture (ACN), CarMax (KMX), Costco (COST) — scheduled for Sept 25.  

Timing (pre‑market vs after hours) for some:

  • Micron’s report time isn’t clearly listed as premarket vs after hours in the sources I checked.  
  • AutoZone and others likely after market close, but without a definitive source I can’t say with 100% confidence for each.

30‑Day Outlook:

BULLISH‑LEANING NEUTRAL

My reasoning:

  • Price action: SPY and IWM both had solid gains on the week; IWM’s stronger percentage gain suggests improving small‑cap / breadth participation. Markets hit new highs, especially in the S&P and Nasdaq per reports.  
  • Macro: Inflation data (especially core PCE), consumer confidence, durable goods are mixed but with expectation of rate cuts continuing (or at least easing policies).  
  • Risks: Valuations are stretched, especially in tech. If inflation surprises or economic growth weakens sharply, correction risk increases. Also, delays in data (like the postponed BLS consumer expenditures report) create uncertainty.  

Conclusion: lean bullish, but expect plenty of chop. Momentum favors upside, but need confirmation from inflation prints and economic indicators.

Practical Summary / Action Plan

  • Play bullish but with defense: long‑bias trades, but use tight stops or hedges around inflation / data risk.
  • Focus on breakout names (especially in tech, housing, AI) that are showing strength.
  • Monitor small caps (IWM) for confirming breadth; if small caps falter, reduce risk.
  • Watch core PCE on Friday: if inflation stays high, could trigger downward pressure; if it moderates, likely rally.
  • Earnings: prioritize Micron, AutoZone, Costco — use these earnings as possible catalysts or risk points.