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Today’s Stock Market
November 7, 2025 at 9:00 a.m. EST
Happy Friday,
After a brief respite on Wednesday the selloff in risk assets resumed yesterday. The S&P 500 fell 1.1% breaking below its 20d ma with some concerns about funding for the AI buildout increasing. The weakness was broad based but most pronounced in the more speculative pockets of the market while value-oriented sectors outperformed. There isn’t much in the way of new news, but the weakness continues this morning. US futures are once again in the red but off of the lows which coincided with a bounce in Bitcoin after it tested this week’s low ~99k this morning. The VIX is hovering near the highs of the week ~20.5.
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