Official U.S. CPI releaseThu, Sep 11August 2025
QQQ / SPY · Complete month
September 2025
Replay September 2025 through QQQ/SPY closing paths, intraday turns, recurring news themes, and every daily curve.
- Review days
- 30
- Trading days
- 21
- News
- 3,215
- Recurring news themes
- 6
2025-09-01 — 2025-09-30
Monthly performance
QQQ +5.25%SPY +3.26%
QQQ ended at +5.25% and SPY at +3.26% from the previous regular close before the month.
Monthly change runs from the final trading-day close before the month to the final trading-day close of the month. Each point on the chart is a trading-day close.
Sessions worth replaying
Strongest QQQ session
Thu, Sep 4QQQ +0.91%SPY +0.82%
169 news items Weakest QQQ sessionWeakest SPY session
Tue, Sep 2QQQ -0.84%SPY -0.73%
119 news items Strongest SPY session
Thu, Sep 11QQQ +0.58%SPY +0.83%
141 news items Largest QQQ–SPY divergence
Fri, Sep 19QQQ +0.69%SPY +0.21%
QQQ led SPY by 0.49 pp
133 news itemsStrongest intraday rebound
Wed, Sep 17QQQ -0.21%SPY -0.12%
Rebound after the intraday low · QQQ +1.22% · SPY +0.93%
164 news itemsCalmest session
Tue, Sep 16QQQ -0.09%SPY -0.15%
Intraday range · QQQ +0.36% · SPY +0.34%
146 news itemsBusiest news day
Thu, Sep 25QQQ -0.43%SPY -0.48%
170 news items Recurring news themes
See which themes kept returning during the month and how many review days they appeared in.
01
FOMC
14 related news items · 11 review days
18.9%+5.0 pp vs prior 3 months
02China
13 related news items · 10 review days
17.6%+7.8 pp vs prior 3 months
03Jobs report
14 related news items · 6 review days
18.9%+3.8 pp vs prior 3 months
04Earnings
9 related news items · 6 review days
12.2%-0.3 pp vs prior 3 months
05Geopolitics
8 related news items · 6 review days
10.8%-8.8 pp vs prior 3 months
06CPI
5 related news items · 5 review days
6.8%-4.2 pp vs prior 3 months
Topic counts are descriptive coverage measures. They do not measure price impact.
CPI
Official event-study dates
All daily reviews
Trading days show QQQ/SPY closing moves alongside the day’s news. Market-closed dates keep their news timelines.