Japan Bonds Set the Pace

Goldman sees Japanese bonds surge to spill over U.S. and UK peers.

Author

Ankit Sinha
October 06, 2025

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🎯 In this issue:

  • Banana Bits: Finance headlines that actually matter

  • Market Summary: Stocks defy odds with a green September rally

  • What’s Ripe / Rotten: The tastiest and most disgusting stocks 

  • Technical Trip: Interview Question with J.P.Morgan

  • Deal Dispatch: M&A, IPOs, and other transactions 

  • The Daily Poll: See how you stack up

Market Snapshot

📉 Banana Bits

Market Recap

Green September 

At the start of September, everybody was divided between a green or a red September, as it is known to be one of the worst-performing months of the year. Even though it was a green September, it was not an easy month for investors. 

A lot of things got worse in September. The government shutdown, U.S. job prospects dimmed, and the uncertainty of the Fed’s autonomy. Yet major indexes had one of their best runs. S&P 500, Nasdaq 100, and Dow Jones were up 3.5%, 5.6%, and 1.9%, respectively. 

The next question is: Do we expect a Uptober (Green market in October)? 

Ahead of the crucial earnings season, this presents a threat to the sustainability of the rally, especially with the S&P 500 running on 23x expected earnings, on par with dot-com levels. Adding to the problem is the government shutdown, which historically isn’t a healthy sign for the market. 

What's Ripe

Rumble Inc. (RUM) 15.8%

  • RUM soared 15.8% in Friday trading after the company announced it had entered into a partnership with Perplexity.

  • This would allow the video-sharing site to integrate the AI-powered search engine into its platform.

Humana Inc. (HUM) 10.6%

  • The health insurer affirmed its outlook following an inadvertent release of government data on its Medicare Advantage plans.

  • Shares of other health insurers also rose, with Centene and Cigna adding 5.1% and 4.7%, respectively.

What's Rotten

Palantir Technologies Inc. (PLTR) 7.5%

  • PLTR declined by -7.5%  after an internal Army memo highlighted vulnerabilities in a battlefield communications network being deployed by the big data analytics firm and its partners.

Applied Materials Inc. (AMAT) 2.7%

  • Shares fell 2.7% after the semiconductor equipment maker said export curbs to China will cause a combined $710 million revenue hit.

🧠 Technical Trip

Q&A Interview with J.P. Morgan

👉 Want 1-on-1 recruiting help from J.P. Morgan bankers & 2,000+ top mentors? Apply to WSO Academy

🌟 Student Spotlight

A+ Equity Research Report 📊

Looking for a stellar example of what makes an equity research report stand out?

One of our WSO Academy students, Nivedita Bishnoi, put together an impressive deep dive on e.l.f. Beauty, covering valuation, catalysts, and key risks with the kind of insight that turns good pitches into great ones. 

🦈 Deal Dispatch

M&A, IPOs, And Other Notable Transactions

📊The Daily Poll

What’s your October game plan?

Login or Subscribe to participate in polls.

Previous Poll:

Trump’s plan to fire thousands of federal workers is…

Overreach: 34.3% // Budget discipline: 18.6% // Political stunt: 34.3% // Won’t happen: 12.8%

Student Success Corner

👉 Are you next? Find out with WSO Academy

Banana Brain Teaser

Previous

60% of the members of a study group are women, and 45% of those women are lawyers. If one member of the study group is to be selected at random, what is the probability that the member selected is a woman lawyer?

Answer: 27%

Today

What is the smallest integer n for which 25^n > 5^12?

❝

Most people overestimate what they can do in one year and underestimate what they can do in ten.

Bill Gates

How Would You Rate Today's Peel?


Happy Investing,
Chris, Vyom, Ankit, Mitchell, Colin, & Patrick