Falcon’s View – Week ending 28 november 2025
Performance
• S&P 500: +3,73 %
• Nasdaq 100: +4,93%
• My portfolio: +5,51 %
Market pulse
For the Thanksgiving‑shortened week, U.S. equities delivered their best run since early summer. The move was driven first and foremost by a sharp repricing of Fed policy – money markets pushed the implied probability of a December rate cut above 80%, pulling longer‑dated Treasury yields lower and reigniting demand for growth and duration‑sensitive assets. That macro tailwind collided with a powerful factor rotation inside equities: AI and big‑tech leadership re‑asserted itself, but with a twist, as “Team Google” names such as Broadcom and other custom‑chip and cloud beneficiaries surged while Nvidia and parts of the prior AI high‑flyer basket lagged.
Crowd vs. price
The market’s reversal has been matched with stable relative interest in most of the stocks on my list.
Holdings & Watchlist Notes