ES Stock Trading monthly overview September 2025

Dear Investor,

Here is the monthly report on the performance of the ESST system in September 2025. This month was characterized by a strikingly positive trend, despite challenges such as looming government shutdowns and mixed economic indicators. The markets benefited from anticipation of interest rate cuts by the Federal Reserve. September 2025 was a strong month for US stock markets, with all major indices posting positive returns. This was remarkable, given that September is historically often a weak month for equities. US indices posted their best September performance in 15 years. The SP-500 index recorded a gain of 3.5%. ESST performed even better with a gain of 10.89%. As of January 1, 2025, the ESST system has a gain of +15.26%.

Applovin Corp was clearly the best performing stock in the portfolio this month. Google was a close second. Unfortunately, Shopify Inc was the worst performing stock.

At the time of writing, the government shutdown in the United States is a reality. The shutdown is not unique. Since 1976, there have been 21 US shutdowns. The average duration was 8.2 days. During the shutdown, the S&P 500 index rose by an average of 0.3%. Twelve months after the shutdown, the S&P 500 index was on average 12.7% higher. By definition, shutdowns are not negative for US stocks.

October is often a volatile month. The most extreme October in history was, of course, that of 1987. At that time, the stock markets were already declining somewhat. That is not the case now. At the time of writing, the SP-500 index is once again reaching a new all-time high.

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Sincerely,

Henry van Ginkel

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