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After two weeks of volatility, the market finally bounced back as rate-cut optimism returned and mega-cap tech led the rally. In this issue, we’ll break down what really drove the rebound, which sectors stood out, and why staying disciplined matters as we head into the final month of the year.
Market Overview — (Nov 24 – 28, 2025)
Price | Weekly Change | |
|---|---|---|
S&P500 | $6,849.09 | +2.94% |
NASDAQ | $23,365.69 | +3.36% |
Dow Jones | $47,716.42 | +3.09% |
10 Year Interest Rate | 4.017% | -0.99% |
Bitcoin | $90,930.79 | +5.15% |
Gold | $4,217.81 | +3.79% |
CBOE Volatility Index | 16.35 | -30.22% |
Data is provided by Google Finance
*Stock data as of market close, cryptocurrency and gold data as of Friday 9:00pm ET
The market rebounded strongly this week after two consecutive weeks of losses. The Nasdaq led the charge with a 3.36% gain, followed by the Dow at 3.09% and the S&P 500 at 2.94%. Much of the strength came from renewed optimism around a potential Fed rate cut in December, combined with lighter holiday-week trading conditions that tend to support equities.
Bitcoin also bounced back after last week’s dip to the mid-$80Ks, climbing over 5% to reclaim the $90K level. Gold rose nearly 4% as investors positioned for potential policy easing and sought additional hedges against elevated tech valuations. Meanwhile, market volatility cooled sharply, the VIX dropped more than 30%, returning to a more typical level around 16 as investors stepped back in to buy last week’s weakness.
Sector Snapshot
U.S. Stock Market Weekly Heat map
This week’s sector performance was broadly positive, with strong rebounds in mega-cap tech, financials, consumer discretionary, and healthcare, while a few pockets—most notably semiconductors—saw mixed action.
Tech led much of the strength: AAPL (+4.73%), MSFT (+2.84%), and GOOGL (+10.62%) rallied, though NVDA (–2.02%) lagged the rest of the Mag 7. META (+9.98%) also continued its recovery after the sharp drop earlier this month.
Financials posted solid gains across major banks—JPM (+4.93%), BAC (+5.48%), and WFC (+5.71%)—as falling Treasury yields boosted sentiment. Insurers such as BRK-B (+2.53%) also held up well.
Consumer discretionary outperformed thanks to holiday-season momentum, with AMZN (+7.41%) and TSLA (+8.84%) leading the group.
Healthcare remained steady, with LLY (+3.08%), JNJ (+1.90%), and other large drugmakers showing moderate strength.
Overall, the heat map reflects a broad risk-on shift, with mega-caps powering the week and defensives holding their ground.
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US Markets 🇺🇸
Stocks jump, US yields fall as Fed rate-cut bets increase — Wall Street rallied as markets priced in an ~85% chance of a December rate cut by the Federal Reserve; long-dated Treasury yields slid, helping lift equities broadly.
’S&P 493’ warns: broader US economy weaker than index suggests — Removing the mega-cap tech giants shows the broader U.S. equity market remains fragile: many small/mid-caps continue to lag, highlighting concentration risk under the surface.
Global equity funds see first outflow in 10 weeks — Despite the recent rally, investors pulled money from global equity funds, reflecting concern over valuations — especially in tech — and uncertainty heading into year-end.
U.S. oil production hits a new record — 13.84 million barrels per day — Despite the slowdown in rig activity, output continues to rise, especially driven by offshore and New Mexico fields. Some analysts expect this could keep downward pressure on global oil prices.
Global Markets 🌍
Asian stocks end tough November on firmer ground — Japan, Korea, HK rally — Asian equities rebounded this week: Japan’s Nikkei and South Korea’s benchmark gained, while Hong Kong and parts of China saw mixed but stabilizing action, helped by renewed U.S. rate-cut expectations.
Commodities & currencies steady as market stabilizes — Amid the equity rebound, commodities saw muted action; safe-haven flows eased, and bond yields in U.S. and major markets stabilized as markets balanced rate-cut hopes and inflation/recession risks
European Union (EU) moves to reduce reliance on China for critical materials" — The EU is preparing a new plan to curb its dependence on Chinese-controlled supply chains for raw materials used in sectors like automotive, clean energy, and semiconductors. This could reshape global industrial supply chains and benefit mining, materials, and recycling firms inside Europe.
European tech & growth stocks under pressure — but also showing selective promise — Despite macro headwinds and stretched valuations, some European tech firms are catching investor attention as potential high-growth plays (especially given global supply-chain realignment and structural shifts)
My Take for This Week 📝
This week’s rebound was a good reminder of how quickly sentiment can swing. After two straight weeks of selling, equities snapped back as rate-cut expectations firmed and volatility dropped sharply. Even so, this isn’t the moment to get overly confident—markets rarely move in a straight line, and the S&P 500 is still only a single-digit percentage pullback from its October highs. Another dip wouldn’t surprise me at all.
My approach hasn’t changed: stick to fundamentals and avoid getting caught in the noise. The sector snapshot shows clear rotation—some mega-caps ripped higher, others lagged—so this is exactly when patient investors can build positions without chasing hype. Personally, I’ve been buying gradually during these pullbacks and will continue to add if the market gives us better entry points.
If you’re curious about the exact positions I’ve added during this volatility, you can consider upgrading to the paid membership—it's less than 10 cents per day, and you’ll get full access to my portfolio moves and deeper analysis.
Weekly Poll 🗳️
Do you think the FED will cute rates in December?
Last week’s Result:
NVDA has pulled back 15% from its all-time high. What would you do?
Most popular answer: Buying the dip (66.7%)
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Disclaimer: The information provided in this newsletter is for educational and informational purposes only and should not be construed as investment advice. I am not a licensed financial advisor, and the opinions expressed here are based on my personal research and portfolio decisions. Investing in securities involves risk, including the potential loss of principal. Past performance is not indicative of future results. Always do your own research or consult with a licensed financial professional before making investment decisions.