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Job cut announcements hit 153,074 in October, the highest October total since 2003. Companies have announced 1.1 million cuts year-to-date, already 44% more than all of 2024. 1
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Bitcoin has erased its 30%+ year-to-date gain, falling below $93,714 after hitting a record $126,251 on Oct. 6, as pro-crypto optimism fades and risk appetite cools. It still represents nearly 60% of the $3.2T crypto market. *2
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12.41% of all credit card balances were 90+ days delinquent in Q3 2025. This is the highest 90+ day delinquency since 2011. 1
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Young adults bet on sports more than any other group: 31% wagered in the past year vs. 22% of all adults. But concern is rising—47% of men under 30 now say legal sports betting is bad for society, up from 22% in 2022. 1
- MFS - "Beyond the News"
- Bloomberg - "Bitcoin Erases Year’s Gain as Crypto Bear Market Deepens"
*Past performance is not indicative of future performance
Economic Calendar
Monday:
Empire State manufacturing survey (Nov), Federal Reserve Vice Chair Philip Jefferson speaks, Construction spending (Aug), Minneapolis Fed President Neel Kashkari speaks, Federal Reserve governor Christopher Waller speaks
Tuesday:
Import price index (Oct), Import price index minus fuel (Oct), Industrial production (Oct), Capacity utilization (Oct), Factory orders (Aug), Home builder confidence index (Nov), Business inventories (Aug), Federal Reserve governor Michael Barr speaks
Wednesday:
Philadelphia Fed manufacturing survey (Nov), Housing starts (Oct), Building permits (Oct), U.S. trade deficit (Aug), Minutes of Fed's October FOMC meeting
Thursday:
U.S. employment report (Sep), U.S. unemployment rate (Sep), U.S. hourly wages (Sep), Hourly wages year over year, Initial jobless claims (Nov), Existing home sales (Oct), U.S. leading economic indicators (Oct), Federal Reserve governor Lisa Cook speaks, Chicago Fed President Austan Goolsbee speaks, Philadelphia Fed President Anna Paulson speaks
Friday:
Federal Reserve governor Michael Barr welcoming remarks, Federal Reserve Vice Chair Philip Jefferson speaks, Dallas Fed President Lorie Logan speaks, S&P flash U.S. services PMI (Nov), S&P flash U.S. manufacturing PMI (Nov), Consumer sentiment (final) (Nov)
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