WEEK IN PERSPECTIVE: Week ending November 28th, 2025

Stocks post strong end to November amid rising rate-cut hopes

📈 Weekly Market Recap

Stocks closed the week firmly higher as investors embraced renewed optimism for a potential December rate cut. Major indexes reclaimed their 50-day moving averages, with the Nasdaq Composite up 4.9% WTD, the S&P 500 up 3.7% WTD, and the Dow Jones Industrial Average (DJIA) up 3.0% WTD.

Semiconductors led the charge, with the PHLX Semiconductor Index surging 9.7% for the week, underscoring strong rebounds across chipmakers.

💡 Sector Highlights

• Mega-cap growth stocks drove the rally, particularly in tech and AI-related names.

• Standout sectors included Information Technology (+4.3% WTD), Communication Services (+5.9% WTD), and Consumer Discretionary (+5.3% WTD).

• All eleven S&P 500 sectors finished positive. While Health Care (+1.9% WTD) lagged relative to peers, it extended its strong November run, closing the month up 9.1%.

📊 Broader Market Performance

• Russell 2000: +5.5% WTD

• S&P Mid Cap 400: +3.9% WTD

• Nasdaq Composite: +4.9% WTD

• S&P 500: +3.7% WTD

• DJIA: +3.0% WTD

🔎 Investor Sentiment The rally helped major averages recover much of the ground lost earlier in November. Confidence grew as remarks from Fed Governors and regional Presidents signaled support for easing policy, fueling expectations of a December rate cut.

🔎 Forecast Summary

• Upside Potential:

• Rate cut optimism, seasonal strength, and resilient consumer spending could drive equities higher into year-end.

• S&P 500 and Nasdaq may extend gains if Fed signals align with market expectations.

• Downside Risks:

• Rising global bond yields (e.g., Japanese Government Bonds) could disrupt carry trades and pressure U.S. equities.

• AI sector volatility and slowing growth may weigh on the broader market.

• A hawkish Fed stance or sticky inflation could derail the rally

📈 Outlook

The base case for December 2025 is modest gains across major indexes, supported by Fed easing bets and seasonal flows. However, volatility is likely, especially in tech and AI-driven sectors. Investors should watch Fed communications closely and brace for swings around key data releases.

Quantum Private Wealth LLC. is an investment adviser located in Tampa, Florida, Lake Forest, Illinois and Frankfort, Michigan. Quantum Private Wealth LLC. is registered with the Securities and Exchange Commission (SEC). Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. Quantum Private Wealth LLC. only transacts business in states in which it is properly registered or is excluded or exempted from registration. A copy of Quantum Private Wealth's current written disclosure brochure filed with the SEC which discusses among other things, our business practices, services, and fees, is available through the SEC’s website at: www.adviserinfo.sec.gov.

Please note, the information provided in this document is for informational purposes only and investors should determine for themselves whether a particular service or product is suitable for their investment needs. Please refer to the disclosure and offering documents for further information concerning specific products or services.