Weekly Market Recap: November 22, 2025

Bubble Volatility Is Normal, the Bull Case Is Still On

Welcome to LegacyHaven Advisors’ weekly market update, where we help pre-retirees and retirees secure lifelong income, protect their wealth, and thrive in any economy. This week the major indices whipsawed and ended lower with the S&P 500 –2.0%, Dow Jones –1.9%, Nasdaq –2.7%. The S&P now sits –4.1% from its all-time high and the Nasdaq –7.2%. Volatility is back, NVDA remains the market’s mood ring, and headlines are screaming “bubble burst.” Let’s cut through the noise and see what actually matters for your retirement.

NVDA Drags, Friday Buyers Return

Nvidia reported another blow-out quarter, massive earnings beat, record guidance, yet still closed lower on the day, dragging the entire market with it. Classic fear market sentiment, even great news gets sold.
Friday, however, saw a sharp reversal as traders repriced a December rate cut (now >90% odds). Volume spiked and buyers stepped in exactly where they have the last three Fridays. This is not a broken market, it’s a volatile, overvalued market still supported by massive liquidity.

Key Takeaway: We’ve been saying it for months, this is an AI-driven bubble. That doesn’t mean the game is over; it means ride the upside, but build the bunker.

The Bullish Tailwinds Haven’t Gone Anywhere

Zoom out.

• Earnings season just delivered acceleration, not deceleration

• Next CPI (Dec 11) expected to cool again → green light for December cut

• QT officially ends December 1 → liquidity injection

• Two cuts already in 2025, December highly likely, multiple 2026 cuts priced in

• GDP growth forecasts rising, not falling

These are the same tailwinds that powered the entire 2025 rally. A 4–7% pullback changes none of them.

The 6-Month vs. 5–10 Year View

Short-term (0–6 months):
→ More all-time highs are probable as liquidity keeps flowing.

Long-term (5–10 years):
→ Looser policy + eventual money printing = inflation returning
→ Fed will hike again to fight it
→ Sequence-of-returns risk becomes the #1 retirement killer

If you’re 5–10 years from retirement, target-date funds and 60/40 portfolios will not save you. They didn’t in 2008 or 2022 and they won’t in the next cycle.

5-10 years from retirement?

1. Secure the income base first – lock in fixed income payments

2. Let the growth bucket ride – keep measured exposure to risk assets such as big tech and energy

3. Rebalance on strength – harvest gains, add to the bunker

4. Own buffer assets – life insurance and FIAs that protect principal when the bubble finally pops

5. Hedge for inflation- Own gold, silver , and other precious metals

Action Step: Use our Live Annuity Rate Calculator to see exactly how much guaranteed income you can lock in today.

For pre retirees with 5–10 years to go:

• Secure Income → Cover essentials so market dips don’t force selling

• Protect Wealth → Shield against the inevitable next bear market

• Thrive in Any Economy → Inflation coming back? Rate hikes coming back? You’re already positioned