State Of The Stock Market - 3-Minute Analysis - September 2025

Published first at https://www.3minutebreakdowns.com When President Trump launched widespread tariffs on April 2nd, most economists feared the worst. Tariffs, they said, would increase inflation, disrupt supply chains and hurt economic growth. And yet the US stock market continues to defy the odds with the Dow Jones, S&P 500 and Nasdaq all hitting record highs. In fact, the S&P 500 has now advanced for five straight months, gaining over 30% since those April lows. But despite the gains, a different picture emerges when you look under the hood. Economic data for the first half, for example, shows that growth did indeed slow to just 1.2% while inflation remains high and unemployment ticked up. And while the S&P 500 has climbed 12% this year, the US dollar has fallen by a similar amount, partly driven by Trump’s bloated spending bill and his attacks on the Federal Reserve. ABOUT ME Joe is the original founder of 3-minute Breakdowns and editor for Overlooked Alpha, the number one newsletter for overlooked investing ideas and stock market analysis. Joe evaluates companies from a business-first perspective, searching for things that the market has got wrong and waiting for the 'fat pitch'. LINKS My website: https://www.3minutebreakdowns.com/ Koyfin charts: https://www.koyfin.com/affiliate/overlooked-alpha/?via=3mb TikTok: https://www.tiktok.com/@overlookedalpha X: https://x.com/OverlookedAlpha DISCLAIMER & DISCLOSURE This content is for educational and entertainment purposes only. 3-Minute Breakdowns is not a registered investment advisor and does not provide financial recommendations (only opinions). The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal. The author reserves the right to buy and sell or change his position in a particular stock at any time. This description contains affiliate links that allow you to find the items that I personally use and recommend. Thank you for your support.