November 17, 2025 Market Moment
Market Moment
Glen Eagle®: America’s Women-Owned Trading Desk®
11/17/2025
- 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
- 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
- 12.41% of all credit card balances were 90+ days delinquent in Q3 2025. This is the highest 90+ day delinquency since 2011. 1
- 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
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