CNBC's "Fast Money" Fast Money 11/26/25
Nov 26, 2025
Traders dive into the recent market rally and the implications of a falling VIX. They explore semiconductor trends beyond NVIDIA and the shifting landscape of private markets leading into year-end. Discussions cover the rising interest in crypto ETFs, along with security risks tied to digital assets. Oracle's valuation and potential risks are debated, while the impact of obesity drugs on market dynamics is analyzed. Finally, they assess airline demand and make trade calls for the holiday season.
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Fed Sentiment Fuels Year-End Rally
- Markets rallied into Thanksgiving as VIX and yields fell and investors began pricing a higher chance of a December Fed cut.
- Tim Seymour and others saw this as the main catalyst driving a short-term year-end rally.
Breadth Beyond Nvidia
- Semiconductors and broader tech led the rebound even without NVIDIA driving the move.
- Retail buying showed strong participation, supporting the rally's breadth according to Tim Seymour and JP Morgan data.
Scale Back And Rebalance Into Alternatives
- Use volatility to rebalance: add on dips and trim into rallies to manage concentration risks.
- Kathy Entwistle recommends scaling back big-cap tech overweight and diversifying into other large-cap names and private markets.