EB Daily Market Report - Friday, November 14, 2025

Dear Members.

The market continues to be in a foul mood with all of the major indexes lower but well off session lows.

Tech stocks have been hit the hardest, especially those stocks associated with "AI" as traders collectively have reduced their exposure to what up to now has been a red hot trade.

Blue chips continue to be in favor with the recent rotation out of tech stocks but maybe to a point where traders will start nibbling on the most beaten down stocks. 

On the crypto side, bitcoin continues its slide lower, dipping well below 100,000, currently at levels not seen since May. So any asset seen as risky at the moment is being unloaded. Now we'll see if traders see this as a nice opportunity rather than something that might be more permanent.

So far the S&P has tested and held its 50 day moving average, currently at 6703. So this is most definitely a level we'll want to watch into the close to see if the worst of the selling is over.

Tom will be back with his Weekly Market Report on Monday.

At your service,

John Hopkins