Wall Street Breakfast Nvidia battles the bears
6 snips
Nov 20, 2025 Analysts are buzzing over Nvidia’s earnings, which help ease concerns about an AI bubble. Meanwhile, a stronger-than-expected September jobs report indicates solid payroll gains, despite a rise in unemployment. Walmart is thriving as consumers seek value, positioning itself well in a cautious market. However, rising Japanese bond yields could threaten the equity bull market, and Verizon's job cuts point to broader industry cost concerns. Bath & Body Works faces challenges with a disappointing outlook while Meta gears up for potential changes for young users in Australia.
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Nvidia Silences Many Bearish Arguments
- Nvidia's earnings and guidance convinced analysts it directly answered bearish AI bubble concerns.
- Wall Street praise suggests Nvidia leads the AI ecosystem but doesn't automatically revive the broader AI trade.
Jobs Data Adds Fed Uncertainty
- September payrolls rose 119,000, beating expectations while prior months were revised down.
- Unemployment climbed to 4.4%, a key datapoint likely to influence the Fed's December decision.
Japan Bond Move Could Rattle Markets
- Albert Edwards warns that rising long-dated Japanese yields could destabilize global markets.
- He argues a Japan-driven unwind of yen-funded carry trades might threaten the equity bull market.