{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/631a89913c2be9001415dc41/691f6b883962bb012e236f3c?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Too much is not enough","description":"<p><strong>Friday 21st November 2025</strong></p><p><br></p><p><a href=\"https://www.nab.com.au/content/dam/nabrwd/documents/notice/corporate/nab-research-disclaimer.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">NAB Markets Research Disclaimer</a>&nbsp;</p><p><a href=\"https://www.nab.com.au/financial-services-guide?S_KWCID=SEACT\" rel=\"noopener noreferrer\" target=\"_blank\">Financial Services Guide | Information on our services -</a>&nbsp;<a href=\"https://www.nab.com.au/financial-services-guide?S_KWCID=SEACT\" rel=\"noopener noreferrer\" target=\"_blank\">NAB</a></p><p><br></p><p>What do equity markets want? NVIDIA yesterday delivered strong earnings and talked up the opportunity. ‘We’ve entered the virtuous cycle of AI’, their CEO said yesterday.&nbsp;After some initial enthusiasm, US shares fell today, including a 1.5% drop in NVIDIA’s price. NAB’s Ken Crompton joins Phil to talk through the caution in equities as well&nbsp;as deciphering a mix of jobs data, including the not-so-monthly on-farm payrolls, and a dump of weekly jobless claims. However you decipher those numbers it seems markets are increasingly expecting no move form the Fed in December. Today is PMIs day - a chance to see the comparative strengths of the US, Europe and UK.</p>","author_name":"Phil Dobbie"}