Wall Street Breakfast Wall Street Roundup: financial earnings, golden highs, data dearth
6 snips
Oct 17, 2025 This week highlights major financial earnings, with strong results from big banks and exciting AI dealmaking. The government shutdown creates a data void, leaving markets uncertain. Gold hits new highs amidst inflation fears, while Bitcoin faces significant liquidations, presenting a sharp contrast to gold's traditional safe-haven role. Bond yields are falling, signaling economic concerns, and with key earnings reports on the horizon, investors are gearing up for what's next.
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Large Banks Show Strength, Regionals Show Stress
- Big banks showed resilience with strong earnings and steady loan delinquencies after recent reports.
- Regional banks revealed stress from private-credit losses, creating a split in financial sector sentiment.
Shutdown Stars A Data Blackout
- The government shutdown's biggest market effect is the loss of key economic data releases.
- Investors are effectively 'flying blind' until CPI and jobs reports resume, raising uncertainty about true trends.
AI Dealmaking Reaches Unlikely Sectors
- AI dealmaking is spreading beyond core tech names into large incumbents and industrials.
- Caterpillar and other non-tech stocks have seen big gains tied to AI infrastructure build-out demand.