2025 Market Snapshot

This snapshot offers a concise view of asset performance in 2025. Silver leads the pack with an impressive 80% gain, followed by Gold at 57% and Semiconductors at 45%. Bitcoin and Bonds are both up roughly 3% year to date — aligning closely with the current inflation rate. Meanwhile, the S&P 500 has risen 16%, and the Nasdaq shows a stronger advance of 21%.

Updated 11/12/25

The S&P 500 Monthly Analysis

On the monthly chart, the S&P 500 is trading below its 9-period EMA and approaching the 20 EMA, where it could potentially find support and bounce.

Momentum on the monthly time frame is showing a modest 5.5% bullish reading, significantly lower than previous months, reflecting that November has largely been dominated by selling pressure. If momentum continues to drop below 5.5% and turns negative, and the S&P 500 breaks support near 652, a deeper correction could unfold.

For bullish investors, as long as momentum remains above zero, there is still the possibility of filling gaps to the upside and consolidating near all-time highs into December and 2026. However, indicators are signaling caution, with a bearish momentum cross occurring as the orange line has dipped below the blue signal line.

Macro factors—including labor market concerns, inflation trends, and AI-related investments—remain key drivers of market direction.

Updated: 11/20/2025

Key U.S. Economic Indicators

The combined picture is one of resilient growth but increasing fragility. Inflation is under control relative to recent peaks but remains above target, meaning policy must stay vigilant. The labour market, while still tight, shows signs of fatigue (job creation slowing dramatically). Consumption is recovering but not roaring ahead, and structural areas like manufacturing and housing are under clear strain.

In other words: the economy is not collapsing, but the upside runway is narrowing, and the risk of a soft patch is elevated. For investors or traders, this suggests a scenario of moderate growth with caution rather than strong acceleration.