Overview
- U.S. equities fell to start the week, with the Dow down 1.18% (about 557 points), the S&P 500 off 0.92% and the Nasdaq lower by 0.84% as the VIX rose roughly 13%.
- Nvidia reports after Wednesday’s close (Nov. 19), with consensus expecting EPS of $1.22 on $54.8 billion in sales, and its outlook excluding H20 chip shipments to China.
- Recent SEC 13‑F filings showed defensive positioning around Nvidia, including Michael Burry buying puts and Peter Thiel selling his entire 537,742‑share stake.
- The Bureau of Labor Statistics will release the postponed September employment report on Thursday following the government shutdown, a reading that could sway December Fed expectations.
- Global cross‑currents persisted, with the Swiss franc near 0.79 per dollar after a Swiss‑U.S. tariff deal, European banks under pressure as yields rose, and Bitcoin more than 20% below its $114,000 peak.