Friday’s jobs headline made it look like nothing happened.
But on Thursday, the Institute for Supply Management (ISM) released the September Manufacturing PMI report. It’s been up for 9 straight months. This is an important number. So, pay attention…
URGENT: This Recent Move By the SEC Is Reshaping the Entire Stock Market
Table of Contents
The Big Picture
It’s going to be one of the great stories told to future generations of Americans.
You know my opinion about America. But do you know what makes this the greatest country on the planet?
It’s the same reason why we won World War II. Obviously, we have the best soldiers and the best training. But the real reason we won, at the end of the day, was because of US manufacturing. We could produce more weapons.
Then, in the 70s and 80s, we got sold this globalization pipe dream as some way to drive efficiency.
Now, if you look at the numbers, you know that offshoring doesn’t drive efficiency. It might save half a percent. But in return, it gave away the best of America. We basically gave our superpower to our enemies.
I think eyes are opening to that right now.
Welcome to the Great American Comeback
Back in June 2025, I said on Schwab TV that I was very bullish on America, but that reshoring would take years to show up in the data.
This is it showing up:
- According to the Household Survey, 406,000 more people are working. This number captures everything from independent contractors to agriculture jobs, and differs from the corporate Nonfarm Payrolls number
- 485,000 people entered the civilian labor force.
- According to the BLS jobs report, factory jobs were up +9,000 in September
- Since the December low, factory jobs are up +72,000
James Thorne called ‘em green shoots, and I agree with him
Short America? Here’s Why You Should Reconsider
Through globalization, our politicians chose slow decline. It’s like the fall of Rome, where they robbed the treasury and drove Rome into the ground. It was a slow decline by choice.
Fast forward to today in America, and I think we hit rock bottom between 2020 and 2024. But America’s back, baby.
Never short America.
When you look at the technological advances, and now we’re bringing back manufacturing along with good-paying jobs, the strategic advantage we’ll have five years from now is incredible.
If you were born in America, you’ve already won the geographic lottery. But five years from now, we’ll ALL be saying “hell yeah.”
My Take
My friend, between AI, the modernization of the US military, and reshoring American industrial might, I believe we are truly entering a golden age.
Remember, trading is about how the market reacts. So, watch the ISM Manufacturing PMI going forward. Many, many great trades will come out of this move.
Watchlist
WISeSat. Space Holdings Corp. (NASDAQ: SAIQ) started trading on the Nasdaq Friday (Oct. 2) after completing a Special Purpose Acquisition Company (SPAC) merger. The newly formed company is a spinoff of WISeQey Corp., a global cybersecurity and IoT company.
SAIQ 10/2/26 after-hours to 10/5/26, SPAC listing, speculative stock to watch
SAIQ looks to have found support near the whole number level at $6. Oracle has major resistance is at $7.48 with VWAP just above. With a float of ~6.5M shares, it’s a perfect squeeze candidate. Especially if it continues to base in that range.
Remember, SPAC listings are highly speculative. There is risk of both dilution and cash redemption that further shrinks the float. So, make a trade plan and trade the pattern.
On My Radar
- The Nasdaq reached all-time highs yesterday
- The iShares MSCI Brazil ETF (NYSE: EWZ) gapped up on news Flávio Bolsonaro is favored to win the Brazilian presidential runoff on Oct. 25
- Tim Sykes spotted this obscure sub-$5 setup directly in the path of America’s coming drone boom