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Afternoon Note

Incredible Session

By Charles Payne, CEO & Principal Analyst
11/25/2025 1:17 PM

This has been an incredible session considering marquee names, that led the rally for three years, are struggling and instead of racing to the sideline’s, investors are truly rotating elsewhere – even Technology (XLK) might finish higher.

The Fear Index (VIX) is plunging as so are bond yields.

The move in 30-year treasury yield has lit up homebuilder stocks.

Homebuilders (XHB) are on the cusp of a major breakout.


 

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