Jay Woods: Trends Still are Up, But Starting to Roll a Little Bit

Freedom Capital Markets
Nov 25, 2025
2 min read

Schwab Network Morning Movers

25 Nov 2025

Jay Woods joins Diane King Hall at the NYSE set with the S&P 500 (SPX) "bending but not breaking" and pointing to the 50-day moving average as a possible "ceiling" that needs to break before hitting new all-time highs. He believes the Fed could be the catalyst to lift stocks higher, identifying the dissent taking place among Fed governors and the challenge of a data-void determining their decision. Jay discusses the volatility in seasonality with August and September higher and November lower. He's not "overly concerned" about the markets slightly rolling over, but flags the Supreme Court ruling on Pres. Trump's tariffs as a big market moving event. Jay and Diane speak about the A.I. valuation question facing investors with companies such as Nvidia (NVDA), Palantir (PLTR) and Alphabet (GOOGL).

Link to Video: Jay Woods: Trends Still are Up, But Starting to Roll a Little Bit

Important Notices and Disclosures

The materials provided here are intended solely for informational and educational use. They do not constitute investment advice, a recommendation of any security or strategy, or an offer for any financial product or service by Freedom Capital Markets (FCM) or its affiliates. The information is not from FCM’s research department and should not be considered a research report or used for investment decisions. FCM is not liable for any reliance on these materials and holds no responsibility for updates. Reproduction or distribution without FCM’s consent is prohibited.

Freedom Capital Markets is the Investment Banking and Equity Capital Markets arm of Prime Executons, Inc., an NYSE, FINRA, and SIPC Member Firm.