CFA Society New York SmartBrief
Fed's Barkin: Data crucial for Dec. policy decision
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November 19, 2025
 
 
CFANY SmartBrief
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Top Story
 
Nvidia earnings, jobs report to test market resilience
Investors are anticipating Nvidia's earnings report and a delayed jobs report, which are expected to provide crucial insights into the economy and the sustainability of the artificial intelligence boom. The market has recently experienced volatility, with the S&P 500 and Nasdaq dipping below their 50-day moving averages. Investors are particularly interested in Nvidia's demand for AI chips and the impact of US trade policies on its business.
Full Story: Reuters (11/19), The Wall Street Journal (11/18)
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What the End of a Strong Dollar Cycle Could Mean
As macro and interest rate dynamics challenge the USD, global diversification and non-US opportunities may come back into focus.
 
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Industry Update
 
US credit markets show caution amid AI, growth concerns
US credit markets are showing signs of caution as risk premiums on corporate bonds and junk bonds near recent highs, driven by concerns over the sustainability of artificial intelligence growth and broader economic issues. Investors have withdrawn significant bond orders after final pricing, and some bond sales have been pulled, reflecting a more cautious approach.
Full Story: Bloomberg (11/18), Yahoo (11/18), Business Insider (11/18)
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Leverage exacerbates losses amid crypto sell-off
The recent crypto sell-off has highlighted the risks of leveraged trading, with daily total liquidations on crypto exchanges reaching a record high in October. Investors have used leverage to amplify gains, but the recent market downturn has led to significant losses and forced liquidations.
Full Story: The Wall Street Journal (11/18)
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AI valuation concerns drive US tech stock sell-off
US tech stocks declined as investors expressed concerns about high valuations of artificial intelligence companies ahead of Nvidia's earnings report, with the Nasdaq Composite falling 1.2% and the S&P 500 dropping 0.8%. Major AI-driven companies such as Nvidia, Microsoft and Amazon experienced significant losses due to rising skepticism about the sustainability of AI-related capital expenditures.
Full Story: NBC News (11/18), Financial Times (11/18)
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Sen. Scott plans to advance crypto bill
Senate Banking Chair Tim Scott said he expects committee votes on the crypto market structure bill next month, aiming to bring the legislation to the Senate floor in early 2026 for President Trump's approval. The proposal would divide oversight between the SEC and CFTC and introduce a new category for "ancillary assets," though bipartisan support remains uncertain as Democrats push alternative language focused on DeFi.
Full Story: Politico (11/18), The Block (11/18)
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Cybersecurity 2026: The Next Evolution
AI, quantum, and hybrid computing are rewriting the rules of cybersecurity. Join us December 2 at 2PM EST for an exclusive webinar exploring the trends, tools, and tactics that will define 2026. Discover how to future-proof your defenses and outsmart evolving cyber risks. Register today.
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New York Focus
 
Judge dismisses DOJ suit over N.Y. law on ICE's court arrests
US District Judge Mae D'Agostino threw out the Justice Department's lawsuit challenging a New York law restricting US Immigration and Customs Enforcement agents' ability to make arrests near state and local courthouses and in state facilities. Meanwhile, a document submitted in court by the Justice Department lists over 614 people arrested in recent Chicago-area immigration raids and shows that over 97% of them had no criminal record at the time those arrests occurred.
Full Story: The Associated Press (11/18), National Public Radio (11/17), The New York Times (11/18)
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Met exhibit to explore relationship between clothing, body
New York's Metropolitan Museum of Art is preparing to debut Costume Art, an exhibit challenging traditional views by inviting visitors to view artworks through the lens of the dressed body. The exhibition aims to explore the intersection of clothing and the human form across art and fashion history.
Full Story: Fashionista (11/17)
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CMS-0057: Access APIs + ePA Ready?
Benchmark readiness across Access APIs (Patient, Provider, and Payer-to-Payer) and electronic Prior Authorization (ePA). See how your plan stacks up and build a cost-effective path to Jan 1 CMS-0057 compliance with Onyx's free Self-Assessment Guide. Download Now.
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Career Development
 
Learn how the power of an hour can change your life
Can one hour change your life? It can if you use it every day to learn something new, let your mind wander and try out what you've learned, writes Thomas Oppong, the creator of the Postanly Weekly newsletter. "You can learn a new skill, reflect on what went well or didn't go well in the day. Or simply sit and think without your phone. The return of intentional time to learn, think, or reflect compounds in all areas of your life," Oppong writes.
Full Story: Fast Company (tiered subscription model) (11/6)
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