Our team looks at a lot of research throughout the day. Here are a handful that we think are good summations of investor activity, from market selloffs to winners and losers, strong earnings to AI capex, and different ways to view the “K-shaped” economy. Hope you had a great Thanksgiving and a relaxing weekend ahead!
Brett: Big down days are a feature of equity investing, whether the environment is healthy or unhealthy
Brad: and another 5% correction has come and gone
Data as of 11.24.2025
Ten: Will be interesting to look at this list next Thanksgiving and see where surprises occurred
Source: Bespoke as of 11.26.2025
Jake: and while a handful of (mostly) tech stocks ran away from the many investors
Source: Bespoke as of 11.27.2025
Jake: there are a number of well-known names that have languished well away from their highs
Source: Bespoke as of 11.27.2025
Brad: It was another great quarter for large company earnings
Data as of 11.25.2025
Joseph: and forward expectations have recovered from the tariff tantrum
Data as of 11.25.2025
John: leading to an earnings backdrop that has been able to keep its momentum in gear with the run in stocks
Dave: Hyperscaler capital spending continues to be a key source of economic support
Source: Goldman Sachs as of 11.21.2025
Beckham: with the only obvious constraint being a limited amount of power to meet the CapEx spending
Data as of October 2025
JD: which is leading to an endless appetite for places to help meet the demand
Source: Apollo as of 11.18.2025
Mark: We hear a lot about the affordability challenges facing new homebuyers
Data as of October 2025
Brian: but it doesn’t seem to stem from any unusually difficult employment environment
Graphic via RSM as of 11.20.2025
Beckham: Seems at odds with headlines but the younger people in these surveys don’t seem to be a source of gloom
Source: Bespoke as of 11.26.2025
Jake: also not gloomy about US conditions? Foreign investors, who continue to shovel money into US stocks
Joseph: It’s the most wonderful time of the year…where Wall Street strategists look at current price levels and decide to add 6-12% for their next year forecast
Data as of 11.26.2025
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