Kristina Roberts
Sometimes, it feels like no matter what happens, the stock market keeps going up. That’s exactly what’s happening right now in the United States. Even though the government has shut down and an important jobs report has been delayed, Wall Street—the heart of America’s financial world—is still celebrating record highs. It seems like investors have decided that “all news is good news.”
The U.S. government shutdown has caused a lot of confusion in Washington. When the government shuts down, many services stop working, and employees are sent home without pay. It also means that important data, like the September jobs report, cannot be released on time. This report usually helps people understand how many jobs were created or lost in the last month. Without it, both the government and investors are left guessing how the economy is really doing.
But surprisingly, this lack of information hasn’t scared Wall Street. The stock market continues to climb higher. The main reason behind this optimism is the strong belief in Artificial Intelligence, or AI. Many investors think AI is the next big thing that will change how the world works. They believe it will make businesses more productive, creative, and profitable. Because of this, large technology companies—like Amazon, Microsoft, and Google—are leading the market rally. Their stock prices keep going up, pulling the entire market along with them.
Steve Sosnick, the chief strategist at Interactive Brokers, summed up this strange situation perfectly. He said, “There’s a certain amount of nihilism. All news is good news, and no news matters. By not getting this [jobs report], that’s one less impediment in the market’s relentless rise.” His words mean that investors are currently in a mood where they don’t really care about bad news. They believe that, somehow, everything will work out fine. So even if there’s no new data, they take it as a good sign and keep buying more stocks.
The Dow Jones Industrial Average, one of the main market indicators, has slightly fallen by a small margin. However, this doesn’t worry experts much because the overall trend remains upward. The stock market seems unstoppable at this point, powered by technology companies and people’s faith in AI’s potential.
Still, not everyone is entirely comfortable with this situation. Some experts warn that this kind of endless optimism can be risky. Among those speaking up is Jeff Bezos, the founder of Amazon. He recently shared his thoughts during Italian Tech Week. Bezos said that while AI is a truly powerful technology, the excitement around it might be going too far. He explained that investors are now funding “every experiment”—the good ones and the bad ones. This makes it hard to know which projects are truly valuable and which are just hype.
However, Bezos didn’t dismiss AI entirely. In fact, he was quite clear that the technology itself is real and will make a big difference in the world. He predicted that AI will help improve productivity and the quality of work in almost every industry. From healthcare to education to transportation, AI could make things faster, smarter, and more efficient. Bezos’s message was balanced—he praised AI’s potential but warned investors to be careful not to get lost in the excitement.
This idea of separating “real progress” from “too much excitement” is important. When too much money flows into a new trend, it can create bubbles—moments when prices rise too high and then suddenly crash. Some experts fear that AI might be heading in that direction. Many companies are calling themselves “AI-driven” just to attract investors, even if they are not truly using the technology in a meaningful way.
Meanwhile, the missing jobs report continues to leave investors guessing. Normally, this report gives the Federal Reserve—the U.S. central bank—important information to decide if it should change interest rates. When the economy is too hot and prices rise too quickly, the Fed raises rates to cool it down. When the economy slows, it lowers rates to help businesses and consumers borrow more easily. But now, without the jobs report, the Fed and investors have less data to rely on. Still, the market doesn’t seem to mind. Investors are betting that interest rates will go down soon, which usually makes stocks more attractive.
It’s quite fascinating to see how confident the market remains despite so much uncertainty. On one hand, there’s political chaos in Washington. On the other, there’s incomplete economic information. And yet, Wall Street continues to surge ahead, powered by trust in technology and hope for lower interest rates. It’s as if investors are saying, “Let’s just keep going. Something good will come out of this.”
But how long can this optimism last? That’s the big question. Markets can be unpredictable. Sometimes they rise for months and then suddenly drop when unexpected news arrives. Experts believe that sooner or later, the market will need real data to stay strong. If the jobs report, when released, shows weak numbers, it could cause some panic. Or it might confirm what private data already suggests—that the job market is slowing down.
Even so, investors seem calm for now. They are focusing more on the future than the present. They believe AI will continue to change industries, create new opportunities, and push productivity to new levels. This belief is giving them the courage to keep investing, no matter what’s happening in Washington.
The situation shows how much psychology affects financial markets. It’s not always about hard facts or reports—it’s often about how people feel. Right now, people feel hopeful. They believe technology and innovation will overcome political fights and short-term problems.
As Steve Sosnick said, “All news is good news, and no news matters.” Maybe that’s true for now. But in the world of finance, feelings can change quickly. For the moment, Wall Street continues to rise, powered by confidence, curiosity, and a bit of denial. Whether that continues or not, only time will tell.
