11-20-25 Why This Pullback Isn't a Panic | Before the Bell

Markets have been under pressure lately—especially in Technology—as investors worry about stretched valuations, widening credit default swaps, and whether the AI trade is finally losing steam. Despite the noise, this remains a minor, healthy pullback of roughly 3%, not a full-blown correction. In this pre-market update, we break down why the decline feels worse than it is, why the next two weeks of November historically favor stronger performance, and how mutual fund distributions in December may create volatility before a potential year-end rally. Nvidia is today's major market mover. After an extraordinary run from below $100 in April to nearly $186 today, the stock has pulled back to support but remains in a solid long-term uptrend. If you've been waiting for an entry point, the current setup may offer one, with $200 as a logical near-term target. We also analyze key technical levels for the S&P 500: • A close above the 50-DMA keeps the bullish trend intact • A break lower shifts focus to the 100-DMA • Four straight down days have worked off October's overbought surge, increasing odds of a bounce toward 6,700–6,750 If you didn't harvest profits earlier, selling into weakness now may not be ideal. Use the next rally to rebalance risk and manage exposures. Stay focused. Stay disciplined. Keep perspective. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch the Video version of this report on our YouTube channel: https://www.youtube.com/watch?v=bb8BeVp7ID8&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #Nvidia #AITrade #SP500 #MarketUpdate