---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000326876.md"
description: "so last week S&amp;P was down 4% and the biggest concern was AI bubbletoday S&amp;P 1% away from ATHs, looks like a rate cut is happening, retail stocks actually CHALLENGING the “consumer is weak” narrative, and labor market is weak but not horrible as per jobless claimsall of this while $NVIDIA(NVDA.US) is still down 15% from all time highs even after those earnings, now trading at 25x 2026 earningsthe largest company in the S&amp;P is down but the S&amp;P being up means we are broadening which is very healthynarratives can shift so quicklySource: amit"
datetime: "2025-11-26T17:05:55.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000326876.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000326876.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000326876.md)
author: "[amit](https://longbridge.com/en/profiles/24261296.md)"
generator: "portal-rs"
---

# so last week S&amp;P was down 4% and the biggest c…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**