Closing Bell Closing Bell Overtime: 11/25/25
Nov 25, 2025
Mike Santoli, a seasoned markets commentator, dives into the current landscape of consumer trends and sector performance. He discusses the paradox of low consumer confidence versus a bullish stock market, revealing intriguing insights for investors. Santoli highlights the impact of falling oil prices and interest rates on consumer relief and sector opportunities. Additionally, he touches on the dynamic between the tech industry, particularly the influence of AI, and the evolving market conditions as we approach the holiday season.
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Dovish Data Ignites Risk Rally
- Stocks rallied on data that reinforced expectations for Fed rate cuts and boosted small caps and housing names.
- The 10-year yield briefly dipped below 4% as markets priced a dovish stance and potential Fed chair clarity.
Retail Strength Versus Tech Rotation
- Small caps and retailers outperformed after strong consumer signals from specific companies like Kohl's and Abercrombie.
- Big Tech showed rotation risk as NVIDIA and AMD slipped on reports Meta may use Google's AI chips.
Mixed Inflation And Labor Signals
- PPI and consumer confidence showed a mixed picture, leaving inflation cooling but labor concerns persistent.
- Bond yields reacted to both data and Fed leadership chatter, producing volatility around the 4% 10-year level.