Falcon’s View – Week ending 14 November 2025
Performance
S&P 500: +0,08%
Nasdaq 100: −0,21%
My portfolio: −3,04%
Market pulse
The week started with a relief bounce as hopes for an end to the US government shutdown and a stronger AI/tech bid lifted risk assets. But as the days went on, the narrative flipped back toward “maybe the Fed won’t cut in December after all” and “AI stocks have run too far.” With key inflation and jobs reports still missing because of the shutdown, investors had less hard data and more doubt, so they trimmed risk where the gains have been biggest – high‑multiple AI, China tech and EVs. In the end, the broad indices were roughly flat, but high‑beta names, including several of mine, took the brunt of the selling.
Crowd vs. price
The increase in volatility came with a pullback in relative interest in many of my high‑beta names – price down, and flows weaker than the average for my watchlist. That’s usually a sign that some investors are starting to waver on the higher‑risk parts of the market.