Neil Freiman

But it wasn't just stocks having all the fun.

After crashing 30%, Bitcoin rose above $90,000.

Commodities gained in silver hit a new all-time high.

Last week was, according to Bloomberg, one of the strongest cross-asset rallies of the year.

For your portfolio's recovery, you can thank the Fed.

There are growing signs that the central bank is tilting toward a rate cut at its upcoming meeting next week.

which is intended to juice the economy and benefit stocks.

The bottom line, according to Barclays strategist Emmanuel Cao, the learning from this week is that don't fight the Fed and don't fight AI remains the market mantra.

Toby, buy the MF dip.

It's strategy that has never failed this year.

It's not the biggest AI names, too, because if you look at NVIDIA, Palantir, Oracle, companies that have been driving the market, they had a really bad November.

Oracle stock is down 20% in November.

NVIDIA was down 12.5%.

Palantir dropped 16%, had its worst month since August 2023.

So the fact that those three names that were powering the rally over the course of the year were down double digits last month and still the S&P 500 was green is a

Probably a hopeful sign, a bullish sign that a lot of the other names that had been doing so well are picking up the slack.

It's a broadening out of the rally from just being so concentrated in AI.

So if you're a market forecaster, and that's not a great position to be in because you get a lot of stuff wrong, but you're saying, oh, this is an exciting thing for the future.

And all of these banks right now are coming out with their 2026 projections for the S&P 500.

They see it only going up from here.