Real Vision: Finance & Investing Market Reversal, Hot Payrolls, Yen Intervention & Crypto Turmoil: PALvatar Market Recap, November 21 2025
Nov 21, 2025
This update discusses a surprising global market reversal, largely triggered by robust U.S. payroll data, which increased chances for a Fed rate cut. Asian markets mirrored Wall Street's decline while Japan hinted at supporting the yen amidst rising economic strain. In Europe, German and UK indicators showed slowed growth and fiscal pressures. The crypto space faced a dramatic plunge, with Bitcoin dropping significantly, leading to a wave of liquidations and heightened market anxiety.
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Review The AMA For Long-Term Context
- Check the AMA with Raoul Pal and Julian Bittle if you missed their session for reassurance on long-term theses.
- The episode suggests the long-term investment thesis remains intact despite near-term market pain.
Payrolls Sparked A Violent Market Reversal
- Global markets reversed sharply after a strong US payrolls print surprised traders and spooked risk assets.
- The Nasdaq swung from +2.5% to -2.5% as investors repriced growth exposure on the data surprise.
Fed Rate-Cut Odds Repriced Quickly
- Stronger-than-expected payrolls (119,000 jobs) and a tick up in unemployment pushed December Fed cut odds sharply higher.
- Traders now price about a 70% chance of a December rate cut, up from 40% the prior day.