Fed official forecasts huge economic shift coming soon

Thursday, November 13, 2025

Reopening the government is not on the list of things that are making investors feel bullish. Today, the Nasdaq (-1.72%) and S&P 500 (-1.10%) are down, extending a days-long skid in large-cap equities. Even the Dow (-0.8%), which has been a model index for longs the past few days, is off.

What gives? Well, it's once again megacaps dragging down the indexes. Specifically, megacaps of the tech variety: Tesla (-5.7%), Broadcom (-5.4%), and Nvidia (-4%) are all facing some hefty declines today. There's also plenty of other contributing names, including Palantir (-5.5%), Micron (-3.8%) and Oracle (-3.2%), among others.

Thursday Reading:.

• Restaurant chain’s $10.99 burger deals McDonald’s, Wendy’s big blow
• AI plays expanding role in predicting natural disasters
• Michael Burry turns up heat on anti-AI bet
• Amazon adds physical stores, but CEO has dire prediction
• Lululemon bets on NFL fans amid U.S. sales slump
• Warner Bros. Discovery just got a boost, and buyers are circling
• Mark Cuban shares advice every parents needs to hear

Although -- unlike in recent days where tech fell while the broader market went higher, the broader market is sharing in today's declines. At midday more than 63% (3,498) of issues are in decline, per FinViz. And with today's move, almost exactly half of U.S. equities are below their 200-Day simple moving averages.

Among the notable exceptions are in the health care and energy sectors, which aren't just seeing a bump in their SPDR-themed Sector fund -- Energy (+0.89%) and Health Care (+0.82%) -- but beyond the S&P 500. That's a theme to watch if indeed the tech rotation is real and sustained.

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  -- Noah Weidner, Markets Reporter

Fed official forecasts huge economic shift coming soon

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