Market Musings 11/17/2025
Quick thoughts on the markets and major portfolio news. Not on Ursa yet? Download Ursa from the App Store!
Can Nvidia & September Jobs Report stop the market slide?
Stocks dipped to start the week marking a three-day skid as investors turn more cautious ahead of two major catalysts: Nvidia’s earnings and the long-delayed September jobs report.
First up — Nvidia reports Wednesday after the bell. The company guided to $54B in revenue this quarter while the Street is sitting closer to $55B and let’s be honest… actual market expectations are probably even higher.
Nvidia’s results have effectively become the market’s pulse check on #AI demand. So, we expect the entire #AI ecosystem to be extremely volatile Wednesday afterhours and into Thursday trading depending on what Nvidia says.
Then on Thursday, we finally get the September jobs report. Markets are looking for 75K new jobs added and 4.3% unemployment, the same as August. It would signal cooling but stabilizing #LaborMarkets.
The report is especially important for #RateCuts expectations since October and November data may not be available in time for the December Fed meeting due to the shutdown. We’ve seen #RateCuts odds slip to just a bit above 40% as investors are getting nervous the Fed may skip a cut next meeting.
Two big catalysts are on deck this week and, so far, investors are trading more cautiously until we get some answers…
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As of the publish date, Ursa portfolios may own NVDA. The stocks mentioned in this article may cease to be owned by Ursa portfolios at any point.
The statements, opinions and analyses presented here are provided as general information. This article is the opinion of the author. Anything within this article should NOT be considered an investment recommendation or advice. See Ursa’s full disclosures here.
Original Photo by Pixabay.