Investment Review №332. The Bulls switched to big tech
The Bulls switched to big tech
Powell cooled buyer activity and caused capital to flow into megacap stocks
S&P 500 Index as of 4 November 2025
| Ticker | Asset | Change over the week | Change over the month |
| SPY | S&P 500 | 0,71% | 2,38% |
| QQQ | NASDAQ100 | 1,94% | 4,78% |
| DIA | Dow Jones Industrial 30 | 0,73% | 2,57% |
| UUP | U.S. Dollar | 1,07% | 2,54% |
| FXE | Euro | -0,92% | -1,85% |
| XLF | Financials | -1,39% | -2,78% |
| XLE | Energy | 0,07% | -1,35% |
| XLI | Industrials | 0,10% | 0,54% |
| XLK | Technology | 2,42% | 6,68% |
| XLU | Utilities | -2,51% | 2,17% |
| XLV | Healthcare | -1,22% | 3,65% |
| SLV | Silver | 0,05% | 3,87% |
| GLD | Gold | -2,49% | 3,56% |
| UNG | Natural Gas | 2,16% | 1,38% |
| USO | Oil | -0,85% | -1,61% |
| VXX | VXX Index | 2,78% | 2,53% |
| EWJ | Japan | 1,15% | 4,04% |
| EWU | UK | -0,26% | 1,67% |
| EWG | Germany | -2,07% | -2,11% |
| EWQ | France | -1,84% | 0,80% |
| EWI | Italy | 1,05% | -0,27% |
| GREK | Greece | -1,66% | -3,39% |
| EEM | BRICS | 0,36% | 3,56% |
| EWZ | Brazil | 2,26% | 0,55% |
| RTSI | Russia | -0,74% | -4,04% |
| INDA | India | -0,99% | 3,67% |
| FXI | China | -2,07% | -3,48% |