FSI Sector Allocation - November 2025 Update

Please CLICK HERE to download the sector allocation report in PDF format.

Market Recap

Over the past month, despite the persistent bearish sentiment, we expected October to be an "up"-tober. The month lived up to that name, with the S&P 500 climbing 2.3% and the Nasdaq Composite rising 4.7%.

As we have noted in the past, government shutdowns do not typically have immediate impacts on the stock market unless they are prolonged and cause economic damage. Nevertheless, when the U.S. f...

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