Analyst Commentary:

• The S&P 500 index was up 3.73% over the past week as large-cap and growth-related areas rebound. SPX finished November up 0.13% for its seventh consecutive positive month.
• Small caps stocks also rebounded over the past week, after experiencing some technical deterioration in the month of November. The Russell 2000 is up ~5% this week, demonstrating an increase in appetite for risk.
• The Healthcare sector continues to demonstrate notable strength, with sector fund XLV gaining over 9%, marking its best month since April 2020. Still, the sector’s strength remains mixed given its longer-term weakness.
• After moving away from all-time highs, Bitcoin has now rebounded slightly. The cryptocurrency crossed above 90,000 after moving up 5% over the past.
• Long-duration bonds improved on softer economic data and easing inflation, as December rate-cut expectations shifted to highly probable—creating potential tailwinds for fixed income and equities. 

Nasdaq Dorsey Wright’s Weekly Featured Chart:

 To learn more on the valuation trends, you can read Tuesday's piece HERE.

Major US Index Technical Review:

A summary of the performance of major indices, in addition to their Point & Figure information. 

The Group Score Minute:

Senior Equity Specialist Steve Raymond dives into the latest trends and changes within our Asset Class Group Scores. To listen now, click HERE.

Nasdaq Dorsey Wright Products:

The AdvisorShares Dorsey Wright FSM U.S. Core ETF (DWUS) is comprised of 2 ETFs—primarily in domestic large-cap equities—that demonstrate in our opinion, favorable relative strength characteristics.  During periods in which the Advisor believes the market indicates broad equity weakness and cash strength, the Fund invests in fixed-income ETFs with a short or ultra-short duration, money market funds, cash and cash equivalents.  To learn more about DWUS, Click HERE.

Want More? Don't Miss Out on Our Podcasts!

This week, Ian and Miles discuss NVDA earnings, further participation declines and what a 5% pullback for the Nasdaq-100 could mean as we close out 2025. They also discuss notable stock movement and the state of participation around all-time highs for the S&P 500. To listen now, click HERE. 

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