Market Notebook

by Cory Haupt | Nov 10, 2025

PRICE ACTION:
Equity prices, as measured by the ticker SPY, and bond prices, as measured by the ticker BND, closed lower over the last week.

SPY -1.63%
BND -0.33%

TECHNICAL ANALYSIS:
SPY price appears to be trending upwards.

BND price appears to be trending upwards.

SENTIMENT:
Decent corporate earnings, combined with concerns over inflationary pressures, appeared to negatively influence equity investors over the last week. Investors likely believe that the combination of these two factors will prompt the Federal Reserve to halt or slow the pace of future interest rate decreases.

ECONOMY AND FUNDAMENTALS:
Economic fundamentals remain positive, with data suggesting the U.S. economy remains resilient. The Federal Reserve appears to be acting appropriately with two goals in mind: to keep inflation under control and support real economic activity.

All the best during the week ahead!

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Disclaimer: Nothing in this discussion should be considered investment advice. The content of this discussion is strictly my personal opinion and subject to change at a moment’s notice. Investment advice can only be provided to you by your investment professional and not by a general market discussion such as this one. If you wish to speak with an investment advisor, contact us. We can probably help.

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