Markets, Minds, and Moments of Change
Wall Street’s Unexpected Moves
Last week brought a noticeable shift in U.S. stock markets, as major indices posted gains after weeks of volatility. Beyond the numbers, several trends are reshaping how investors are thinking about risk and opportunity.
The Fed’s Next Move in Focus
Investor expectations for a Federal Reserve rate cut have surged. Just days ago, markets saw roughly a one-in-three chance of a December reduction; by last week, that probability had climbed past 80 percent.
This change followed mixed September jobs data and comments from New York Fed President John Williams, who suggested that a rate reduction could be possible soon due to easing labor market pressures.
Housing Market Softening
The U.S. housing market is showing signs of cooling. Home price growth slowed again in September, extending a trend that has now lasted eight months. Affordability concerns and economic uncertainty are weighing on buyers, and sellers are reacting.
Redfin data shows that about 85,000 homes were withdrawn from the market in September—the most for that month in eight years. Meanwhile, homes sitting unsold for 60 days or more have reached their highest September level since 2019. The market may be shifting in favor of buyers.
New Challenges for Lenders
States with legalized online sports betting are now revealing a new wrinkle in consumer credit. Research suggests that gambling activity may be impacting credit scores, potentially creating risks for lenders.
Analysts warn that this could increase revolving debt, defaults, and write-offs, particularly among borrowers with weaker credit histories. Lenders may need to rethink their risk models in light of this emerging trend.
Wrapping Up the Week
Over the holiday-shortened week, stock markets finished on a high note. The Dow climbed 0.3 percent for November after a steep drop just days earlier, while Treasury yields showed a mixed response.
Data as of 11/28/25 | 1-Week | Y-T-D | 1-Year | 3-Year | 5-Year | 10-Year |
Standard & Poor’s 500 Index | 3.70% | 16.50% | 13.50% | 20.00% | 13.60% | 12.70% |
Dow Jones Global ex-U.S. Index | 2.9 | 24.5 | 22.5 | 13.2 | 5.5 | 5.3 |
10-year Treasury Note (yield only) | 4 | N/A | 4.2 | 3.7 | 0.8 | 2.2 |
Gold (per ounce) | N/A | N/A | N/A | N/A | N/A | N/A |
Bloomberg Commodity Index | 2.7 | 11.8 | 12.5 | -1.2 | 8.2 | 3.1 |
S&P 500, Dow Jones Global ex-US, Gold, and Bloomberg Commodity Index returns exclude reinvested dividends (gold does not pay a dividend) and the three-, five-, and 10-year returns are annualized; and the 10-year Treasury Note is simply the yield at the close of the day on each of the historical time periods. Sources: Yahoo! Finance; MarketWatch; djindexes.com; U.S. Treasury; London Bullion Market Association. Past performance is no guarantee of future results. Indices are unmanaged and cannot be invested in directly. N/A means not applicable.
Is Your Smartphone Affecting Your Brain?
Smartphones make life convenient—they keep us connected, entertained, and informed. But there’s a hidden trade-off: time and attention.
The average person now spends nearly five hours a day on their phone, checking it dozens of times. Over a year, that adds up to roughly 70 full days spent staring at a screen.
Studies suggest that even the presence of a phone can reduce cognitive performance. In controlled experiments, young adults completed tasks more efficiently when their devices were out of sight, even if they weren’t actively using them.
Beyond concentration, excessive screen use may impact the brain and sleep. Research indicates that heavy device use can thin the cerebral cortex, which governs memory and decision-making. The blue light from screens also delays melatonin production, disrupting natural sleep rhythms.
The takeaway: technology is a powerful ally, but intentional breaks and moderation can safeguard focus, memory, and rest.
Weekly Focus – Think About It
“The individual investor should act consistently as an investor and not as a speculator.”
— Benjamin Graham