⚠️ AI Stocks Slammed, RSI Cools — Time to Buy the Dip or Wait It Out?- Weekend Watchlist

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After a month of relentless gains, markets finally paused for a reset. The S&P 500 dropped 2.7%, its first weekly loss since early October, while the Nasdaq fell 3.5% — the biggest decline in four months. The semiconductor sector led the slide (-6%), as traders took profits in the overheated AI trade.

The selloff began after Fed Chair Jerome Powell’s comments dampened expectations for additional rate cuts, calling the economy “resilient but not without inflation risks.” Meanwhile, Meta’s heavy AI infrastructure spending warning and a soft revenue forecast sent ripples across Big Tech, pulling down Nvidia, AMD, and Alphabet.

Still, the broader earnings picture remains healthy: 90% of S&P 500 companies have now reported Q3 results, with 82% beating on EPS and 11.8% YoY growth — the best pace since early 2022. However, investor sentiment has turned cautious, reflected in the VIX volatility index jumping 25% to 21.8, and breadth narrowing across all major indices.

‎TLDR Stock Market Weekly Update - Nov 7, 2025

📉 Market Trends

• Powell’s Message: The Fed remains data-dependent. Markets dialed back expectations for another rate cut in December.

• AI Trade Cools: Semiconductor names like Nvidia (NVDA) and Broadcom (AVGO) declined sharply amid profit-taking.

• Earnings Strength Persists: Despite sector rotation, Q3 earnings remain robust — led by Communication Services and Energy.

• Government Shutdown: Entering its second week, though markets appear largely unfazed so far.

💰 Economic Data, Rates & the Fed

Key Data This Week:

• FOMC Aftermath: Powell reiterated inflation concerns, signaling fewer near-term cuts.

• ADP Employment: +122K vs. +140K expected – a sign of softening labor demand.

• Jobless Claims: 223K vs. 218K expected – still historically low.

• ISM Services: 52.4 vs. 53.0 prior – slowing but still expansionary.

• Trade Balance: Deficit widened to -$70.4B.

• Consumer Credit: +$8.5B vs. +$12.6B expected – weaker consumer borrowing.

Rates Snapshot:

• 2-Year Yield: 3.57% → 3.63%

• 10-Year Yield: 4.06% → 4.15%

• 30-Year Yield: 4.68% → 4.73%
  Yields moved higher on strong GDP revisions and cooling rate-cut optimism.

Fed Cut Expectations (via Bloomberg):

• December cut probability dropped to 62% (from 74% last week).

• Still pricing in two 25bps cuts for 2025.

🏛️ Cryptocurrency News

• Fed will wind down the Biden-era “novel activities” supervision program, signaling less scrutiny on banks working with digital assets.

• Ether-led July rally pushed crypto market cap to $3.7T (+14% MoM) per JPMorgan.

Sources: Charles Schwab

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📅 Coming up next week…

Economic Events:

• Mon (11/10): No reports (Veterans Day)

• Tue (11/11): NFIB Small Business Optimism, Wholesale Inventories

• Wed (11/12): CPI (October)

• Thu (11/13): PPI, Jobless Claims

• Fri (11/14): Consumer Sentiment (UMich), Retail Sales

Notable Earnings Reports:

• Mon (11/10): PGY, MNDY, RGTI, CRWV, WULF,

• Tue (11/11): NBIS, BYND, OKLO

• Wed (11/12): CRCL, ONON

• Thu (11/13): DIS, JD, BILI, AMAT

• Fri (11/14): N/A

Sources: Earnings Whispers, Charles Schwab

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