
โ
Investment Digest โ November 11, 2025
By Bernd Pulch โ โInvestment: The Originalโ
๐patreon.com/investment
INVESTMENT โ THE ORIGINAL DIGEST โ 11 November 2025 โ
FOUNDED IN 2000 โ STILL INDEPENDENT, STILL UNFILTERED
Executive Summary (English)
Global markets rallied on 11 November following news that the United States Senate passed a funding bill that could end the longest U.S. government shutdown, boosting risk sentiment. The S&P 500 posted its largest single-day gain since mid-October, while precious metals surged. However, the mood turned cautious as tech and AI valuations came under renewed scrutiny.
Key Market Movements
- Equities: The S&P 500 closed at ~6,832.43 (+1.5%) on strong risk tone.
- Precious Metals: Gold surged nearly 3% to above ~$4,100/oz on the reopening optimism.
- Bonds & FX: U.S. 10-year Treasury yields spiked to
4.147% before settling around 4.11% amid shutdown resolution hopes. The yen hit a nine-month low (ยฅ154.49) as safe-haven flows reversed. - Technology/AI: Tech and AI stocks had mixed performanceโrallied earlier but renewed valuation concerns emerged, especially after SoftBank Group sold its remaining stake in Nvidia Corporation for ~$5.83 bn.
- India Markets: Sensex and Nifty 50 gained on U.S. trade optimism and the reopening narrative; Sensex +336 points.
Strategic & Tactical Insight
- Tactical (0-3 months): The reopening trade appears in motion, favouring risk assets and commodities. Yet caution is warranted in tech/AI given fresh alarms on valuations.
- Conviction (3-12 months): With liquidity likely to improve post-shutdown, focus on sectors backed by structural trends: AI infrastructure, clean energy, tokenized assets. Monitor tech valuations.
- Watchยญpoints: U.S. employment data, AI profitability updates, government funding ratification in the U.S. House, credit market warning signs from tech/corporate sectors.
Bernd Pulch Commentary
โWhen markets cheer the end of a shutdown, theyโre really betting on clarity and liquidity. But what matters next is the flow โ of credit, of innovation, of risk appetite. Reopening is the trigger, not the destination.โ
For extended briefings, position notes, deep-dive datasets and tokenized-asset tracking, join Investment โ The Original on Patreon: ๐ patreon.com/investment
Stay independent. Stay ahead.
Ausblick (Deutsch)
Der Schritt zur Beendigung der US-Regierungsschlieรung hat den Risikoappetit deutlich angekurbelt โ doch hinter dem Aufschwung lauert die Frage nach Bewertung und Liquiditรคt. Kurzfristig kรถnnte sich eine Rotation von defensiven Werten in Tech und Infrastruktur manifestieren. Mittel- bis langfristig bleibt entscheidend: flieรt das Kapital nachhaltig oder bleibt der โReopening-Schubโ ein kurzer Impuls?
Tags (English)
Investment Digest, Global Markets, S&P 500, Gold Price, Treasury Yields, Government Shutdown, Tech Valuations, AI Stocks, Nvidia, India Markets, Risk Assets, Bernd Pulch, Patreon Exclusive, Independent Intelligence, Commodity Rally
Tags (Deutsch)
Investment Digest, Weltmรคrkte, S&P 500, Goldpreis, Staatsanleihen, US-Shutdown, Tech-Bewertungen, KI-Aktien, Nvidia, Indische Mรคrkte, Risikoanlagen, Bernd Pulch, Patreon Exklusiv, Unabhรคngige Analyse, Rohstoffrallye
๐ Global Market Snapshot
- US Markets: The S&P 500 edged up +0.3% to 5,250, while the Nasdaq gained +0.4%, supported by a rebound in tech after last weekโs sell-off. Investors await this weekโs US CPI data for inflation clues.
- Europe: The DAX rose +0.5%, while FTSE 100 stayed flat as energy shares slipped amid softer crude prices.
- Asia: Nikkei 225 climbed +0.8%, driven by chipmakers after the yen stabilized near ยฅ151 per dollar. Shanghai Composite was steady as weak export data limited gains.
๐ฐ Commodities & Currencies
- Gold remains around $2,355/oz, with traders awaiting US inflation data.
- Oil (Brent) fell to $83.10/barrel amid easing geopolitical risk and higher supply from the US.
- Bitcoin (BTC) trades near $67,800, up slightly after ETF inflows reached their highest since September.
- EUR/USD stands at 1.073, while USD/JPY holds around 151.2.
๐ Sector Highlights
- Tech: Microsoft and Nvidia are both up over 1% as AI investment themes remain dominant.
- Defense: Lockheed Martin and BAE Systems continue to benefit from rising NATO defense budgets.
- Energy Transition: Shell announced a $2.5B investment in carbon capture projects, but investors remain skeptical about returns.
- Crypto & Blockchain: Ethereum (ETH) trades at $3,270, with optimism around Layer-2 upgrades in Q1 2026.
๐ Macro Focus
- US Inflation Preview: Analysts expect October CPI at 3.3% YoY, slightly below last monthโs 3.5%.
- EU Economy: Germanyโs industrial output fell 0.2%, its fourth consecutive monthly decline, intensifying recession fears.
- China: Exports dropped 6.1% YoY, signaling continued weakness in global demand.
๐ Investment Insight by Bernd Pulch
โWhile markets flirt with optimism, underlying debt and liquidity trends remain critical blind spots. The real story is not in the CPI print but in the silent tightening of global credit. In every boom hides its undoing โ and this time, itโs structural.โ
๐ฏ Watchlist
Asset Current 1D Change 1W Trend S&P 500 5,250 +0.3% โ Gold $2,355 +0.2% โ Bitcoin $67,800 +0.4% โ Brent Oil $83.10 -0.7% โ EUR/USD 1.073 +0.1% โ
๐ Support Independent Analysis
This Investment Digest is part of the Bernd Pulch โ Investment: The Original series, bringing daily intelligence beyond mainstream narratives.
๐ For extended analysis, classified deep dives, and portfolio models:
๐ patreon.com/investment
German version follows below โฌ๏ธ
๐ฉ๐ช Investment Digest โ 10. November 2025
Von Bernd Pulch โ โInvestment: Das Originalโ
๐patreon.com/investment
๐ Globale Mรคrkte
- USA: Der S&P 500 stieg um +0,3 % auf 5.250 Punkte. Anleger warten auf neue Inflationsdaten (CPI).
- Europa: Der DAX legte um +0,5 % zu, wรคhrend der FTSE 100 stagnierte.
- Asien: Der Nikkei 225 gewann +0,8 %, angetrieben von Technologiewerten. Shanghai Composite blieb unverรคndert.
๐ฐ Rohstoffe & Devisen
- Gold: $2.355 je Unze, stabil vor US-Inflationsdaten.
- รl (Brent): $83,10 pro Barrel, schwรคcher wegen steigender US-Produktion.
- Bitcoin: $67.800, leicht im Plus nach hohen ETF-Zuflรผssen.
- EUR/USD: 1,073 โ USD/JPY: 151,2.
๐ Branchen
- Technologie: Microsoft & Nvidia treiben den Markt.
- Rรผstung: Lockheed Martin & BAE Systems profitieren weiter.
- Energie: Shell investiert $2,5 Mrd. in COโ-Abscheidung.
- Krypto: Ethereum bei $3.270 โ Fokus auf Layer-2-Upgrades.
๐ Makro-Trends
- USA: Erwartete Inflation Oktober 3,3 % YoY.
- Deutschland: Industrieproduktion -0,2 % โ weiter Rezessionsangst.
- China: Exporte -6,1 % im Jahresvergleich.
๐ Einschรคtzung von Bernd Pulch
โHinter der scheinbaren Marktstabilitรคt lauert die strukturelle Schwรคche. Die Liquiditรคtsstrรถme werden enger, die Schuldenberge wachsen. Das wahre Risiko liegt unter der Oberflรคche.โ
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Dieses Digest ist Teil von โInvestment: Das Originalโ von Bernd Pulch.
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๐ฅ ะะธะดะตะพ https://rumble.com/embed/v5ey0z9/?pub=4
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๐ ะกะฟะฐัะธะฑะพ
ะะฐัะฐ ะฟะพะดะดะตัะถะบะฐ ัะพั ัะฐะฝัะตั ะฟัะฐะฒะดั ะถะธะฒะพะน.
๐ ะกะผะพััะธัะต ัะบัะบะปัะทะธะฒะฝัะต ััะตัะบะธ
USP: berndpulch.org ัะพัะตัะฐะตั ะพััััั ัะฐัะธัั ั ัะฐะทะพะฑะปะฐัะตะฝะธะตะผ ะณะพััะดะฐัััะฒะตะฝะฝัั ัะตะบัะตัะพะฒ, ัะฐะทะฒะตะดัะฒะฐัะตะปัะฝัั ัะบะฐะฝะดะฐะปะพะฒ ะธ ะณะปะพะฑะฐะปัะฝะพะน ะบะพัััะฟัะธะธ โ ะฒัั ััะพ ั ะดะพะปะตะน ัะผะพัะฐ ยซะพ ััะผ ะพะฝะธ ะฒะพะพะฑัะต ะดัะผะฐะปะธ?ยป, ะฑะตะท ัะตะฝะทััั ะธ ั ะผะฝะพะถะตััะฒะพะผ ะทะตัะบะฐะป ะดะปั ะฝะตัะดะตัะถะธะผะพะน ะฟัะฐะฒะดั.


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