Bitcoin Sinks, Markets Wobble To Start The Shortened Week 24/11/2025

HOT stories for today

Market wrap:

• U.S. equities are attempting to extend a sharp rebound that began Friday after New York Fed President John Williams signaled policymakers could still consider a rate cut in December. The optimism follows a punishing start to November, as investors reassessed stretched valuations in artificial-intelligence beneficiaries that powered much of 2025’s advance. The S&P 500 fell 2% last week, widening its month-to-date drop to 3.5%. The Nasdaq Composite slid 2.7% and is down 6.1% in November, while the Dow Jones Industrial Average retreated 1.9% and is off 2.8% month-to-date. Asian markets traded mostly higher on Monday as renewed hopes for Fed easing lifted sentiment.
• The final stretch of November may offer little relief. With a holiday-shortened trading week ahead, markets closed Thursday for Thanksgiving, and closing early at 1 p.m. Friday, liquidity is expected to thin further. In the absence of major catalysts before the Fed’s December policy meeting, volatility could intensify. “Investors hate noise. They crave certainty, and the market simply cannot deliver that right now,” said Mark Malek, CIO at Siebert Financial. Macro data to watch this week includes October U.S. retail sales and the Producer Price Index, both due Tuesday and likely to influence rate-cut expectations heading into year-end. In cryptocurrencies, Bitcoin has dropped roughly 33% from its Oct. 6 peak of $126,272.76, trading around $84,535 late Friday.

Dip Buying or Rally Chasing?

• Volatility whipsawed U.S. equities this week, underscoring how fragile sentiment remains. Every bounce was faded, every selloff accelerated, and investors struggled to decide whether the market had formed a floor — until buyers stepped in aggressively on Friday. The sharp reversal has now sparked debate over whether stocks are finally attracting bargain hunters or if the move was simply another bout of late-week momentum chasing.
• Underlying fundamentals have barely shifted, leaving investors wary that Friday’s move could prove short-lived. “When you get this rally chasing, it could really put you on a very precarious footing,” Sosnick added. “People buy dips when they think stocks are on sale; now they’re buying because prices are rising, hoping to flip to someone else later.” Still, some market participants saw resilience. “Traders showed up for the early Black Friday sales in the stock market,” said Ben Fulton, CEO at WEBs Investments. “But early profit-taking can cut these recoveries short when rebounds happen faster than expected.”
• Sector rotation reinforced the defensive tone of the week. Consumer staples and healthcare shares were among the few S&P 500 groups to finish higher, gaining 2.2% and 7.1% this month, respectively, even as the benchmark index is down 3.5%. Risk assets, including megacap tech stocks and bitcoin, came under pressure, though gold has risen 2.4% in November. Jim Baird, CIO at Plante Moran Financial Advisors, said the rotation is being driven more by valuation discipline than a traditional flight-to-safety move. “As valuations look stretched in big-cap tech names, investors are looking to diversify and reduce their reliance on the AI story,” he said. “Taking some winnings off the table during periods of uncertainty can help you sleep at night.”

Stocks on the move:
 

• Oracle (ORCL): Fell 4% as investors continued to dump high-valuation AI names, extending steep weekly losses for both Oracle and Nvidia.
• Bath & Body Works (BBWI): Dropped 5%, adding to Thursday’s 24.8% plunge after disappointing Q3 results triggered rating downgrades from several Wall Street firms.
• Bitcoin-linked stocks: Weakened as Bitcoin slid toward $80,000 and risk appetite faded. American Bitcoin (ABTC) fell 8%, Riot Platforms (RIOT) slipped 2%, Bitcoin Treasury Strategy ETF (BTF) lost 3%, and Galaxy Digital (BRPHF) declined 5%.
• Ross Stores (ROST): Gained 4% after posting better-than-expected $5.6 billion revenue and raising Q4 earnings guidance, noting tariff-related costs would be negligible.

Watchlist: META, MSFT, NVDA, AMD, AVGO, COIN, MARA, GOOGL

Key Economic Events Today:

EST time

Tentative: USD Federal Budget Balance

Earnings

AMC (After Market Close): Agilent Technologies (A), Symbotic Inc. (SYM), Keysight Technologies (KEYS)


 

The TEFS Analyst team wishes you a successful day!