Weekly Market Wrap: Fed Cut, Nvidia–Intel Shock Deal & IPO Mania (Sep 15–19, 2025)

📊 Market Recap* S&P 500 (SPX): Closed at 6,664 (+0.49%), a new all-time high.* Nasdaq (IXIC): +0.7% on the week, led by tech.* Russell 2000 (RUT): Small caps joined the rally with record highs.* 10Y Treasury Yield (TNX): Rose to ~4.14%.* Crude Oil (Brent): Fell despite Fed easing.🏦 Federal Reserve Cuts RatesThe Federal Reserve lowered rates by 25 basis points to a target range of 4.00–4.25%.* Chair Powell stressed this was a risk management move due to labor market softness.* One dissenter, Gov. Stephen Miran, argued for a larger 50 bp cut.🔗 Read the Fed statement💻 Nvidia–Intel Shock DealIn a surprise move, Nvidia (NVDA) invested $5 billion into Intel (INTC).* Intel shares rallied over 30% in a single day, the biggest jump since 1987.* The US government is also a stakeholder, deepening Intel’s strategic importance.🔗 Nvidia (NVDA) | Intel (INTC)📱 Oracle & TikTok TalksThe US government and China reopened talks over TikTok, with Oracle (ORCL) emerging as a potential buyer.* If Oracle secures a large stake, it could transform into a major social media player.* The stock is consolidating near highs, forming what looks like a bullish flag.🔗 Oracle (ORCL)🚀 IPO HighlightsIt was a busy IPO week with $2.7B raised across multiple listings:* StubHub (STUB): Opened at $26, peaked at $28, then collapsed to $18.51.* WaterBridge Infrastructure (WBI): Jumped 50% on debut.* Pattern Group (PTRN): +12% first week.* Microcaps Chow Holdings (CHOW) and PLTS Energy (PLTS) also surged.⚠️ Pro tip: Don’t chase IPOs. Wait for earnings and signs of sustainable growth.📌 Trades of the WeekHere’s what we traded between Sep 15–19:* Bitfarms (BITF): Small gain on Sept 15.* Realty Income (O): Dividend received (€24.5).* ASML (ASML): Sold full position, locking in €1,038 profit; watching for a pullback to re-enter.* McDonald’s (MCD): Dividend received (€19.56).* Warrior Met Coal (HCC): Closed trade with a small profit (€38).Weekly net profit: ~$983September total so far: ~$1,781 (with one week left).🔗 ASML Holding (ASML) | McDonald’s (MCD) | Realty Income (O) | Bitfarms (BITF) | Warrior Met Coal (HCC)🔑 Key Takeaways* Fed is easing but long yields are rising → watch growth vs. defensives.* Semiconductors surged on Nvidia–Intel news.* IPOs returned with volatility, a sign of risk appetite.* Trades booked solid gains, led by ASML sale.💬 What do you think about Nvidia’s stake in Intel? Will it pay off long-term? Share your thoughts in the comments 👇 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit norbertbm.substack.com/subscribe