November Ends With Bad News for Market Bears
Gat caught up.
Trading is over for the month of November and the biggest losers appear to be those bearish folk who bet big on a widely anticipated tech-bubble blowout. It didn’t happen (some don’t think there’s a bubble at all), and as markets ended a truncated trading day higher, it became clear just how wrong they were.
It wasn’t just stocks that rose. After a bumpy stretch marked by fears of bloated valuations, wild speculation and artificial intelligence overpromising, bonds, commodities and even Bitcoin advanced this week in one of the strongest cross-asset rallies of the year.