17th November 2025 – Stocks end mixed as Nvidia & Payrolls results loom large

In this morning's edition of the MPC Markets Morning Call, Mark Gardner discusses the mixed performance of US stocks, the upcoming Nvidia earnings report, and the significance of the US payroll numbers. He highlights the current market sentiment, technical indicators, and the potential impact of economic data on investment strategies. Mark emphasizes the importance of maintaining cash balances and being cautious in the current market environment, especially with the possibility of a significant pullback in the coming months.takeaways• Nvidia's earnings report is a key focus this week.• US payroll numbers are expected to influence market reactions.• Current market sentiment is mixed with no clear direction.• Technical indicators suggest weakening momentum in the market.• High cash balances are recommended for investors right now.• There are concerns about consumer health and economic data.• Recent geopolitical events have affected oil prices.• Investors should be cautious about buying into temporary market bounces.• A significant market pullback may occur in the next six months.• Monitoring credit spreads and Fed meetings is essential.