AI Angst or AI Awakening?
The Market’s Not So Surprising Move

Geoff Bysshe | November 30, 2025

When the market peaked at the end of October, the media’s market narrative was skewed to the idea that Nvidia was leading the market higher, and as a result, the fate of the much anticipated year-end rally rested in its earnings report. Based on the chart below, this was an easy assumption to make. Leading up to Nvidia’s earnings date, the market had surprised investors with one of its worst-performing Novembers in a decade, and

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