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Why Wall Street May Be Betting on Bad Data

Gold forecasts soar, and market opportunities await. September 12, 2025
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A dramatic perspective of Istanbul at night, with a digital overlay of locked social media icons fading into darkness, symbolizing censorship and control, with a tense and restrictive tone. Federal audit looms as economic data scrutiny intensifies behind closed doors.

Good Morning,

The Labor Department’s inspector general just launched a rare audit into how the U.S. collects economic data, a response to mounting concern over political interference and a massive revision that wiped out 911,000 jobs from recent reports.

There's a spotlight falling on gold, with UBS projecting a dazzling $3,800 per ounce by next year

Plus, we’ve got eyes on biotech momentum and blockchain innovations stirring the market pot.

Stick around for a trivia.

Here are your Morning Bullets.

– Truly yours, Fred Frost


📈 Yesterday's Market Recap

Markets showed grit yesterday with tech leading the charge. Oracle’s 40% rally stole the show, while mixed signals from retail and real estate kept investors on their toes. A few key developments shaped the tape.


  • Oracle (ORCL) Surges 40%: The tech giant’s massive gain fueled a 71% spike in Defiance’s ORCX ETF. → Benzinga

  • Adobe (ADBE) Beats Expectations: Shares rose 3% after hours on strong Q3 results and raised guidance. → CNBC

  • RH Misses Revenue Mark: Luxury furniture maker dropped 6% after reporting $899M against $905M expected. → Stocktwits


📈 Daily Performance Snapshot

Index/Asset Closing Value Change
S&P 500 6,587.47 +0.85%
Nasdaq 22,043.07 +0.72%
Dow Jones 46,108.00 +1.36%
Gold $3673.40 -0.23%
Crude Oil $62.24 -2.25%
Bitcoin $114,509 +0.62%
10-yr Treasury Yield 4.011% -0.52%

🔭 What to Watch Today

Today’s calendar has a few key events that could ripple through markets, from policy decisions to corporate moves. Keep your radar tuned to these developments.

  • Federal Reserve Meeting Preview: Markets await next week’s Fed meeting for rate cut signals after mixed economic data. → CNBC
  • Mexico Tariff Decision: Mexico’s proposed 50% tariff on Chinese vehicles could strain trade ties; watch for China’s response. → Reuters

  • 💡 Opportunity Watch

    A few sectors and stocks are showing promise for savvy investors. Let’s spotlight some potential plays.

    • Gold Investments (GLD, GDX): With UBS forecasting $3,800/oz by 2025, gold ETFs could be a safe bet. → Seeking Alpha
    • Biotech Momentum (DNTH): Dianthus Therapeutics surges on Phase 2 trial success; momentum score up sharply. → Benzinga Biotech
    • Cybersecurity Growth (OKTA): Okta’s undervalued stock offers upside with AI-driven cyber threats on the rise. → Moneyweek Tech

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    🔥 The Big Bullet

    Labor Department Watchdog Launches Audit into BLS Data Collection

    What happened: The Department of Labor's inspector general has opened an audit into the Bureau of Labor Statistics (BLS) over concerns about how it collects economic data. This follows political controversy after former President Trump fired the BLS commissioner. The inspector general’s office is aiming to assess whether there were procedural lapses, structural flaws, or external pressures that may have undermined data integrity. The review will focus on methods used in generating key indicators such as unemployment rates, inflation metrics, and job creation figures. These indicators are vital for federal policy and business forecasting. The BLS plays a central role in shaping the economic narrative through its monthly reports, which markets and policymakers rely on. Questions have emerged about how resilient these data systems are to political or technical disruption. The audit could potentially uncover gaps or suggest changes in how economic measurements are collected and reported.


    Why it matters: Economic data from the BLS feeds directly into decision-making by the Federal Reserve, Congress, and private investors. If flaws are found in the data collection process, it could cast doubt on recent readings of inflation and employment. That, in turn, could affect how interest rates are set and how fiscal policy is shaped. For example, uncertainty over job numbers could cause volatility in Treasury yields or the stock market. Investors often trade heavily around BLS releases, especially monthly jobs reports. A recent inflation report already showed distortions tied to tariffs, making confidence in the underlying data even more crucial. Politicization of statistical agencies, if confirmed, could weaken global confidence in U.S. economic reporting. The audit might also influence how future administrations interact with independent agencies.

    What’s next: The inspector general’s findings could lead to recommendations for stricter data protocols or even structural changes within the BLS. Any signal that key metrics are unreliable might prompt lawmakers to push for reforms or hearings. Investors should watch for updates that may affect trust in government statistics. Additionally, markets could react if political interference is proven, especially with upcoming elections in focus. Watch how the Fed responds—if they comment publicly or revise forward guidance. Broader concerns about economic credibility could also spill into how international investors view U.S. assets. A shake-up in how the BLS operates might even delay or revise future reports. Expect headline risk around the release of key data points like CPI and jobs numbers until confidence is restored.


    🧭 Policy & Market Ripples

    • Anglo-Teck Copper Merger: A potential game-changer with 66% EBITDA from copper, targeting $800M in synergies. → Benzinga
    • FTC Probes AI Chatbots: Inquiry into safety for minors could impact Alphabet, Meta, and OpenAI stocks. → ABC News
    • Fed Chair Search Heats Up: Treasury’s Bessent meets candidates as Powell’s term nears end in 2026. → CNBC

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    Yesterday, 96% of you chose the right answer to the trivia question: To insure bank deposits in case the bank fails


    Do not save what is left after spending; instead spend what is left after saving.
    — Warren Buffett
    Thanks for joining me today.

    Stay Sharp.
    Fredrick Frost
    Editor, MorningBullets

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