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Weekly Market Insights, October 25–31, 2026 Growth roared back and the Fed held, but tech’s AI jitters stole the weekAlphabet’s shares dropped 13% after its quarterly update last Wednesday, and by the end of the week the rest of tech had caught the chill. Then this Thursday brought another sharp, chip-led sell-off, so we’re bringing you both the weekly commentary and a fresh Market Minute. |
JUST IN | MARKET MINUTE | NOVEMBER 5, 2026 Stocks stumbled hard on Thursday. Here’s what may be behind it. After a strong run following the election, technology and chip stocks led a sharp pullback. AE Wealth Management’s team weighs in on what may be driving it, and why they see it as more about policy uncertainty than a change in the economy. ▸ What may have triggered the sell-off?
▸ How should you think about one rough day? A quick 2-minute read, published Thursday, outside our usual weekly schedule. |
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THE FULL WEEK IN REVIEW | WEEKLY MARKET INSIGHTS Our regular look back at Oct. 25–31: the Fed, the economy, and the AI trade. About a 5-minute read. |
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About a 5-minute read from our partners at AE Wealth Management. |
Three questions this week’s commentary answers| ? | Why did Alphabet drop 13%? Earnings across the market have been strong, yet one report was enough to rattle an entire sector. The reason comes down to where the company’s money is going. | | ? | What is ‘AI spend,’ really? You hear the term constantly, but few people can say what it covers. Understanding it explains why Wall Street gets jumpy so quickly. | | ? | Why is gas still so high? Oil is moving through a key shipping route at higher levels than before the conflict began, and yet prices at the pump haven’t budged much. There’s a handful of reasons why. |
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The week in three numbers3.4% Annualized economic growth in the third quarter | | 7.28% Average 30-year mortgage rate, still well above 7% | | $4.18 Average price of a gallon of regular gas |
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How the markets finishedS&P 500 -0.57% | NASDAQ -2.00% | Dow Jones -0.85% |
One-week returns as of October 30, 2026. |
The full commentary walks through the Fed’s reasoning, the case against moving now, and the data to watch this week. |
 What could this mean for your plan? If you’re nearing retirement, holding more cash than usual, or carrying a mortgage at today’s rates, a choppy market and sticky inflation can change the math. It’s worth a short conversation to see whether anything in your plan should be revisited. Or call us at 515.782.1040 |
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One quick question: What’s the one money question on your mind as the year winds down? Send it our way, and it might shape a future post. Mark A. Gelbman, CFP®, CLU®, CRPC®, AAMS®
Financial Advisor | | |   
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AE Wealth Management, LLC (AEWM) is an SEC Registered Investment Adviser (RIA) located in Topeka, Kansas. Registration does not denote any level of skill or qualification. The advisory firm providing you this report is an independent financial services firm and is not an affiliate company of AE Wealth Management, LLC. AEWM works with a variety of independent advisors. Some of the advisors are Investment Adviser Representatives (IAR) who provide investment advisory services through AEWM. Some of the advisors are Registered Investment Advisers providing investment advisory services that incorporate some of the products available through AEWM. Information regarding the RIA offering the investment advisory services can be found at https://adviserinfo.sec.gov/. Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. This information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation. None of the information contained herein shall constitute an offer to sell or solicit any offer to buy a security or insurance product. Market data sourced from AE Wealth Management, Weekly Market Insights, Oct. 25–31, 2026. Past performance does not guarantee future results. |
