{"id":44507,"date":"2025-11-07T19:21:48","date_gmt":"2025-11-07T18:21:48","guid":{"rendered":"https:\/\/telomere.ch\/?p=44507"},"modified":"2025-11-25T10:47:13","modified_gmt":"2025-11-25T09:47:13","slug":"market-update-november-2025","status":"publish","type":"post","link":"https:\/\/telomere.ch\/en\/market-update-november-2025\/","title":{"rendered":"Market Update &#8211; November 2025"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;||-9px|||&#8221; custom_padding=&#8221;8px||2px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.27.2&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; min_height=&#8221;1116.2px&#8221; custom_margin=&#8221;-4px|auto|-4px|auto|true|false&#8221; custom_margin_tablet=&#8221;-4px|auto|-4px|auto|true|false&#8221; custom_margin_phone=&#8221;-4px|auto|-4px|auto|true|false&#8221; custom_margin_last_edited=&#8221;on|desktop&#8221; custom_padding=&#8221;5px|0px|15px|0px|false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_image src=&#8221;https:\/\/telomere.ch\/wp-content\/uploads\/2025\/11\/Market_Update_NOV_ANG_1600_1000.jpg&#8221; alt=&#8221;green grass field with trees and mountains in the distance&#8221; title_text=&#8221;Market_Update_NOV_ANG_1600_1000&#8243; url=&#8221;@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wb3N0Iiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjQ0NTA3In19@&#8221; align=&#8221;center&#8221; src_tablet=&#8221;https:\/\/telomere.ch\/wp-content\/uploads\/2025\/10\/Market_Update_OCT_FR_1600_1000.jpg&#8221; src_phone=&#8221;https:\/\/telomere.ch\/wp-content\/uploads\/2025\/10\/Market_Update_OCT_FR_1600_1000.jpg&#8221; src_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.27.4&#8243; _dynamic_attributes=&#8221;url&#8221; _module_preset=&#8221;default&#8221; min_height=&#8221;100px&#8221; custom_margin=&#8221;||36px|||&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; url_new_window=&#8221;on&#8221; sticky_enabled=&#8221;0&#8243;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.27.0&#8243; text_font=&#8221;Roboto|300|||||||&#8221; text_text_color=&#8221;#6F757D&#8221; text_font_size=&#8221;59px&#8221; text_line_height=&#8221;1em&#8221; header_font=&#8221;|700|||||||&#8221; header_font_size=&#8221;58px&#8221; header_line_height=&#8221;1.1em&#8221; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; min_height=&#8221;48px&#8221; custom_margin=&#8221;||2px||false|false&#8221; custom_padding=&#8221;||15px|||&#8221; text_font_size_tablet=&#8221;45px&#8221; text_font_size_phone=&#8221;35px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; header_font_size_tablet=&#8221;57px&#8221; header_font_size_phone=&#8221;36px&#8221; header_font_size_last_edited=&#8221;on|desktop&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Editorial<\/p>\n<p>[\/et_pb_text][et_pb_text content_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.27.4&#8243; text_font=&#8221;|300|||||||&#8221; text_text_color=&#8221;#6F757D&#8221; text_font_size=&#8221;21px&#8221; text_line_height=&#8221;1.4em&#8221; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; text_orientation=&#8221;justified&#8221; min_height=&#8221;377.2px&#8221; custom_margin=&#8221;||16px|||&#8221; custom_padding=&#8221;||0px|||&#8221; text_orientation_tablet=&#8221;justified&#8221; text_orientation_phone=&#8221;left&#8221; text_orientation_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>October delivered a curious paradox: markets climbed to new all-time highs even as uncertainty seemed to be everywhere you looked. The US government shutdown left economic policymakers flying blind, yet inflation remained under control, and the Fed cut rates for the second consecutive month. Geopolitical tensions that had dominated headlines for months eased suddenly with a ceasefire in Gaza and a trade framework between the US and China removing two major sources of market anxiety. Corporate earnings came in remarkably strong, with profits up nearly 13% year-over-year, yet investors responded with surprising indifference, demanding perfection rather than rewarding success.   <\/p>\n<p>The dollar reasserted its dominance, climbing 2.1% as political turbulence abroad made the greenback look like the safest bet in a turbulent international environment. Meanwhile, the AI infrastructure buildout accelerated with tech giants now building to meet signed contracts rather than speculative demand, lending credibility to what some feared might be a bubble. It was a month that reminded us markets don&#8217;t move in straight lines and context matters more than headlines.  <\/p>\n<p>We hope you enjoy reading these updates and find them helpful for the month ahead.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_3,1_3,1_3&#8243; _builder_version=&#8221;4.27.2&#8243; _module_preset=&#8221;default&#8221; transform_scale_tablet=&#8221;&#8221; transform_scale_phone=&#8221;&#8221; transform_scale_last_edited=&#8221;on|phone&#8221; transform_translate_tablet=&#8221;&#8221; transform_translate_phone=&#8221;-71px|0px&#8221; transform_translate_last_edited=&#8221;on|desktop&#8221; transform_rotate_tablet=&#8221;&#8221; transform_rotate_phone=&#8221;&#8221; transform_rotate_last_edited=&#8221;on|phone&#8221; transform_skew_tablet=&#8221;&#8221; transform_skew_phone=&#8221;&#8221; transform_skew_last_edited=&#8221;on|phone&#8221; transform_origin_tablet=&#8221;&#8221; transform_origin_phone=&#8221;&#8221; transform_origin_last_edited=&#8221;on|phone&#8221; transform_styles_last_edited=&#8221;on|desktop&#8221; position_origin_a_tablet=&#8221;&#8221; position_origin_a_phone=&#8221;&#8221; position_origin_a_last_edited=&#8221;on|tablet&#8221; position_origin_f_tablet=&#8221;&#8221; position_origin_f_phone=&#8221;&#8221; position_origin_f_last_edited=&#8221;on|tablet&#8221; position_origin_r_tablet=&#8221;top_left&#8221; position_origin_r_phone=&#8221;top_left&#8221; position_origin_r_last_edited=&#8221;on|tablet&#8221; min_height=&#8221;305.5px&#8221; custom_margin=&#8221;0px|0px|4px|0px|false|false&#8221; custom_margin_tablet=&#8221;0px|0px|0px|0px|false|false&#8221; custom_margin_phone=&#8221;22px|0px|0px|0px|false|false&#8221; custom_margin_last_edited=&#8221;on|phone&#8221; custom_padding=&#8221;0px|0px|0px|0px|false|false&#8221; transform_styles_tablet=&#8221;&#8221; transform_styles_phone=&#8221;&#8221; positioning_tablet=&#8221;&#8221; positioning_phone=&#8221;&#8221; positioning_last_edited=&#8221;on|tablet&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.27.0&#8243; _module_preset=&#8221;default&#8221; link_option_url_new_window=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_button button_url=&#8221;@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9hdHRhY2htZW50Iiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjQ0NDkxIn19@&#8221; url_new_window=&#8221;on&#8221; button_text=&#8221;Access Document&#8221; button_alignment=&#8221;center&#8221; _builder_version=&#8221;4.27.4&#8243; _dynamic_attributes=&#8221;button_url&#8221; _module_preset=&#8221;default&#8221; custom_button=&#8221;on&#8221; button_text_size=&#8221;16px&#8221; button_text_color=&#8221;#2D3654&#8243; button_border_width=&#8221;2px&#8221; button_border_color=&#8221;#628CE0&#8243; button_letter_spacing=&#8221;3px&#8221; button_font=&#8221;Inter|||on|||||&#8221; button_icon=&#8221;&#x4c;||divi||400&#8243; button_icon_color=&#8221;#FFFFFF&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.27.2&#8243; _module_preset=&#8221;default&#8221; transform_scale_tablet=&#8221;&#8221; transform_scale_phone=&#8221;&#8221; transform_scale_last_edited=&#8221;on|tablet&#8221; transform_translate=&#8221;86px|0px&#8221; transform_translate_tablet=&#8221;-270px|-26px&#8221; transform_translate_phone=&#8221;-270px|-26px&#8221; transform_translate_last_edited=&#8221;on|tablet&#8221; transform_rotate_tablet=&#8221;&#8221; transform_rotate_phone=&#8221;&#8221; transform_rotate_last_edited=&#8221;on|tablet&#8221; transform_skew_tablet=&#8221;&#8221; transform_skew_phone=&#8221;&#8221; transform_skew_last_edited=&#8221;on|tablet&#8221; transform_origin_tablet=&#8221;&#8221; transform_origin_phone=&#8221;&#8221; transform_origin_last_edited=&#8221;on|tablet&#8221; transform_styles_last_edited=&#8221;on|tablet&#8221; custom_padding=&#8221;0px|0px|0px|0px|false|false&#8221; custom_padding_tablet=&#8221;|0px||0px|false|false&#8221; custom_padding_phone=&#8221;|0px||0px|false|false&#8221; custom_padding_last_edited=&#8221;on|tablet&#8221; transform_styles_tablet=&#8221;&#8221; transform_styles_phone=&#8221;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/telomere.ch\/wp-content\/uploads\/2024\/10\/Joan-Burgy.jpg&#8221; title_text=&#8221;Joan Bu\u0308rgy&#8221; align=&#8221;center&#8221; src_tablet=&#8221;https:\/\/telomere.ch\/wp-content\/uploads\/2024\/10\/Joan-Burgy.jpg&#8221; src_phone=&#8221;https:\/\/telomere.ch\/wp-content\/uploads\/2024\/10\/Joan-Burgy.jpg&#8221; src_last_edited=&#8221;on|tablet&#8221; show_bottom_space_last_edited=&#8221;off|phone&#8221; align_tablet=&#8221;right&#8221; align_phone=&#8221;center&#8221; align_last_edited=&#8221;on|tablet&#8221; _builder_version=&#8221;4.27.2&#8243; _module_preset=&#8221;default&#8221; transform_scale_tablet=&#8221;&#8221; transform_scale_phone=&#8221;&#8221; transform_scale_last_edited=&#8221;on|tablet&#8221; transform_translate_tablet=&#8221;220px|0px&#8221; transform_translate_phone=&#8221;220px|0px&#8221; transform_translate_last_edited=&#8221;on|tablet&#8221; transform_rotate_tablet=&#8221;&#8221; transform_rotate_phone=&#8221;&#8221; transform_rotate_last_edited=&#8221;on|tablet&#8221; transform_skew_tablet=&#8221;&#8221; transform_skew_phone=&#8221;&#8221; transform_skew_last_edited=&#8221;on|tablet&#8221; transform_origin_tablet=&#8221;&#8221; transform_origin_phone=&#8221;&#8221; transform_origin_last_edited=&#8221;on|tablet&#8221; transform_styles_last_edited=&#8221;on|tablet&#8221; width=&#8221;100%&#8221; width_tablet=&#8221;100%&#8221; width_phone=&#8221;100%&#8221; width_last_edited=&#8221;on|phone&#8221; max_width=&#8221;64%&#8221; max_width_tablet=&#8221;33%&#8221; max_width_phone=&#8221;60%&#8221; max_width_last_edited=&#8221;on|tablet&#8221; module_alignment=&#8221;right&#8221; custom_margin_tablet=&#8221;0px|0px|0px|0px|false|false&#8221; custom_margin_phone=&#8221;0px|0px|0px|0px|false|false&#8221; custom_margin_last_edited=&#8221;on|phone&#8221; custom_padding_tablet=&#8221;|0px|||false|false&#8221; custom_padding_phone=&#8221;0px|0px|0px|0px|false|false&#8221; custom_padding_last_edited=&#8221;on|tablet&#8221; transform_styles_tablet=&#8221;&#8221; transform_styles_phone=&#8221;&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.27.2&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;16px&#8221; text_line_height=&#8221;0.5em&#8221; header_4_text_color=&#8221;#2D3654&#8243; transform_scale_tablet=&#8221;&#8221; transform_scale_phone=&#8221;&#8221; transform_scale_last_edited=&#8221;on|desktop&#8221; transform_translate=&#8221;153px|-4px&#8221; transform_translate_tablet=&#8221;630px|0px&#8221; transform_translate_phone=&#8221;358px|0px&#8221; transform_translate_last_edited=&#8221;on|phone&#8221; transform_rotate_tablet=&#8221;&#8221; transform_rotate_phone=&#8221;&#8221; transform_rotate_last_edited=&#8221;on|desktop&#8221; transform_skew_tablet=&#8221;&#8221; transform_skew_phone=&#8221;&#8221; transform_skew_last_edited=&#8221;on|desktop&#8221; transform_origin_tablet=&#8221;&#8221; transform_origin_phone=&#8221;&#8221; transform_origin_last_edited=&#8221;on|desktop&#8221; transform_styles_last_edited=&#8221;on|phone&#8221; width=&#8221;53%&#8221; width_tablet=&#8221;53%&#8221; width_phone=&#8221;53%&#8221; width_last_edited=&#8221;on|phone&#8221; max_width=&#8221;100%&#8221; max_width_tablet=&#8221;100%&#8221; max_width_phone=&#8221;100%&#8221; max_width_last_edited=&#8221;on|phone&#8221; min_height=&#8221;6px&#8221; custom_margin=&#8221;10px||0px|-40px|false|false&#8221; custom_margin_tablet=&#8221;0px|0px||0px|false|false&#8221; custom_margin_phone=&#8221;|||0px|false|false&#8221; custom_margin_last_edited=&#8221;on|tablet&#8221; custom_padding=&#8221;0px|0px|0px|8px|false|false&#8221; custom_padding_tablet=&#8221;7px|0px|0px|0px|false|false&#8221; custom_padding_phone=&#8221;|||0px|false|false&#8221; transform_styles_tablet=&#8221;&#8221; transform_styles_phone=&#8221;&#8221; module_alignment_tablet=&#8221;&#8221; module_alignment_phone=&#8221;&#8221; module_alignment_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h4 style=\"font-weight: 400;\"><strong>Joan Bu\u0308rgy<\/strong><strong><\/strong><strong><\/strong><\/h4>\n<p style=\"font-weight: 400;\">Investment Specialist<\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.27.0&#8243; _module_preset=&#8221;default&#8221; transform_translate=&#8221;70px|-4px&#8221; custom_padding=&#8221;0px|44px|0px|0px|false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/telomere.ch\/wp-content\/uploads\/2024\/10\/Jerome_Tobler.jpg&#8221; title_text=&#8221;Je\u0301ro\u0302me_Tobler&#8221; src_tablet=&#8221;https:\/\/telomere.ch\/wp-content\/uploads\/2024\/10\/Jerome_Tobler.jpg&#8221; src_phone=&#8221;https:\/\/telomere.ch\/wp-content\/uploads\/2024\/10\/Jerome_Tobler.jpg&#8221; src_last_edited=&#8221;on|desktop&#8221; align_tablet=&#8221;center&#8221; align_phone=&#8221;left&#8221; align_last_edited=&#8221;on|phone&#8221; _builder_version=&#8221;4.27.2&#8243; _module_preset=&#8221;default&#8221; transform_scale_tablet=&#8221;&#8221; transform_scale_phone=&#8221;&#8221; transform_scale_last_edited=&#8221;on|phone&#8221; transform_translate=&#8221;0px|4px&#8221; transform_translate_tablet=&#8221;292px|-28px&#8221; transform_translate_phone=&#8221;11px|-28px&#8221; transform_translate_last_edited=&#8221;on|phone&#8221; transform_rotate_tablet=&#8221;&#8221; transform_rotate_phone=&#8221;&#8221; transform_rotate_last_edited=&#8221;on|tablet&#8221; transform_skew_tablet=&#8221;&#8221; transform_skew_phone=&#8221;&#8221; transform_skew_last_edited=&#8221;on|tablet&#8221; transform_origin_tablet=&#8221;&#8221; transform_origin_phone=&#8221;&#8221; transform_origin_last_edited=&#8221;on|tablet&#8221; transform_styles_last_edited=&#8221;on|phone&#8221; width=&#8221;100%&#8221; width_tablet=&#8221;46%&#8221; width_phone=&#8221;100%&#8221; width_last_edited=&#8221;on|phone&#8221; max_width=&#8221;74.2%&#8221; max_width_tablet=&#8221;41%&#8221; max_width_phone=&#8221;100%&#8221; max_width_last_edited=&#8221;on|tablet&#8221; module_alignment=&#8221;left&#8221; min_height_tablet=&#8221;&#8221; min_height_phone=&#8221;&#8221; min_height_last_edited=&#8221;on|tablet&#8221; custom_margin=&#8221;0px|0px|10px|0px|false|false&#8221; custom_margin_tablet=&#8221;0px|0px|0px|0px|false|false&#8221; custom_margin_phone=&#8221;0px|0px|0px|0px|false|false&#8221; custom_margin_last_edited=&#8221;on|phone&#8221; custom_padding=&#8221;0px|0px|0px|0px|true|false&#8221; custom_padding_tablet=&#8221;0px|36px||0px|false|false&#8221; custom_padding_phone=&#8221;0px|90px||0px|false|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; transform_styles_tablet=&#8221;&#8221; transform_styles_phone=&#8221;&#8221; module_alignment_tablet=&#8221;left&#8221; module_alignment_phone=&#8221;&#8221; module_alignment_last_edited=&#8221;on|desktop&#8221; border_radii_tablet=&#8221;&#8221; border_radii_phone=&#8221;&#8221; border_radii_last_edited=&#8221;on|desktop&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.27.2&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;16px&#8221; text_line_height=&#8221;0.5em&#8221; header_4_text_color=&#8221;#2D3654&#8243; transform_scale_tablet=&#8221;&#8221; transform_scale_phone=&#8221;&#8221; transform_scale_last_edited=&#8221;on|phone&#8221; transform_translate_tablet=&#8221;295px|-3px&#8221; transform_translate_phone=&#8221;6px|-6px&#8221; transform_translate_last_edited=&#8221;on|phone&#8221; transform_rotate_tablet=&#8221;&#8221; transform_rotate_phone=&#8221;&#8221; transform_rotate_last_edited=&#8221;on|phone&#8221; transform_skew_tablet=&#8221;&#8221; transform_skew_phone=&#8221;&#8221; transform_skew_last_edited=&#8221;on|phone&#8221; transform_origin_tablet=&#8221;&#8221; transform_origin_phone=&#8221;&#8221; transform_origin_last_edited=&#8221;on|phone&#8221; transform_styles_last_edited=&#8221;on|phone&#8221; width=&#8221;99.4%&#8221; max_width=&#8221;100%&#8221; module_alignment=&#8221;right&#8221; min_height=&#8221;21px&#8221; custom_margin=&#8221;|0px|0px|0px|false|false&#8221; custom_margin_tablet=&#8221;-15px||0px|0px|false|false&#8221; custom_margin_phone=&#8221;|||0px|false|false&#8221; custom_margin_last_edited=&#8221;on|tablet&#8221; custom_padding=&#8221;0px|0px|0px|0px|false|false&#8221; custom_padding_tablet=&#8221;|0px|0px|0px|false|false&#8221; custom_padding_phone=&#8221;|0px|0px|0px|false|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; transform_styles_tablet=&#8221;&#8221; transform_styles_phone=&#8221;&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h4 style=\"font-weight: 400;\"><strong>J\u00e9r\u00f4me Tobler, CIIA<\/strong><strong><\/strong><\/h4>\n<p style=\"font-weight: 400;\">Partner Senior Financial Advisor<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>October delivered a curious paradox: markets climbed to new all-time highs even as uncertainty seemed to be everywhere you looked. The US government shutdown left economic policymakers flying blind, yet inflation remained under control <\/p>\n","protected":false},"author":3,"featured_media":44520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[45],"tags":[],"class_list":["post-44507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marketupdate-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Market Update - November 2025 - Telomere Capital<\/title>\n<meta name=\"description\" content=\"October delivered a curious paradox: markets climbed to new all-time highs even as uncertainty seemed to be everywhere you looked.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/telomere.ch\/en\/market-update-november-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Update - November 2025 - Telomere Capital\" \/>\n<meta property=\"og:description\" content=\"October delivered a curious paradox: markets climbed to new all-time highs even as uncertainty seemed to be everywhere you looked.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/telomere.ch\/en\/market-update-november-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Telomere Capital\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-07T18:21:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-25T09:47:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/telomere.ch\/wp-content\/uploads\/2025\/11\/Market_Update_NOV_ANG_980_654-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"980\" \/>\n\t<meta property=\"og:image:height\" content=\"654\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"nilton.ortega@telomere.ch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"nilton.ortega@telomere.ch\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/telomere.ch\/en\/market-update-november-2025\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/telomere.ch\/en\/market-update-november-2025\/\"},\"author\":{\"name\":\"nilton.ortega@telomere.ch\",\"@id\":\"https:\/\/telomere.ch\/en\/#\/schema\/person\/0610fcdce5c8cb509527ede1769d181f\"},\"headline\":\"Market Update &#8211; November 2025\",\"datePublished\":\"2025-11-07T18:21:48+00:00\",\"dateModified\":\"2025-11-25T09:47:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/telomere.ch\/en\/market-update-november-2025\/\"},\"wordCount\":1899,\"image\":{\"@id\":\"https:\/\/telomere.ch\/en\/market-update-november-2025\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/telomere.ch\/wp-content\/uploads\/2025\/11\/Market_Update_NOV_ANG_980_654-1.jpg\",\"articleSection\":[\"Market Update\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/telomere.ch\/en\/market-update-november-2025\/\",\"url\":\"https:\/\/telomere.ch\/en\/market-update-november-2025\/\",\"name\":\"Market Update - November 2025 - Telomere Capital\",\"isPartOf\":{\"@id\":\"https:\/\/telomere.ch\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/telomere.ch\/en\/market-update-november-2025\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/telomere.ch\/en\/market-update-november-2025\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/telomere.ch\/wp-content\/uploads\/2025\/11\/Market_Update_NOV_ANG_980_654-1.jpg\",\"datePublished\":\"2025-11-07T18:21:48+00:00\",\"dateModified\":\"2025-11-25T09:47:13+00:00\",\"author\":{\"@id\":\"https:\/\/telomere.ch\/en\/#\/schema\/person\/0610fcdce5c8cb509527ede1769d181f\"},\"description\":\"October delivered a curious paradox: markets climbed to new all-time highs even as uncertainty seemed to be everywhere you looked.\",\"breadcrumb\":{\"@id\":\"https:\/\/telomere.ch\/en\/market-update-november-2025\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/telomere.ch\/en\/market-update-november-2025\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/telomere.ch\/en\/market-update-november-2025\/#primaryimage\",\"url\":\"https:\/\/telomere.ch\/wp-content\/uploads\/2025\/11\/Market_Update_NOV_ANG_980_654-1.jpg\",\"contentUrl\":\"https:\/\/telomere.ch\/wp-content\/uploads\/2025\/11\/Market_Update_NOV_ANG_980_654-1.jpg\",\"width\":980,\"height\":654},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/telomere.ch\/en\/market-update-november-2025\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/telomere.ch\/en\/home\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Market Update &#8211; November 2025\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/telomere.ch\/en\/#website\",\"url\":\"https:\/\/telomere.ch\/en\/\",\"name\":\"Telomere Capital\",\"description\":\"TELOMERE Capital\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/telomere.ch\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/telomere.ch\/en\/#\/schema\/person\/0610fcdce5c8cb509527ede1769d181f\",\"name\":\"nilton.ortega@telomere.ch\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/4d2bb28e1576869735f05147461358d637cb8f7eafa89e1d05452637bd7d32eb?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4d2bb28e1576869735f05147461358d637cb8f7eafa89e1d05452637bd7d32eb?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4d2bb28e1576869735f05147461358d637cb8f7eafa89e1d05452637bd7d32eb?s=96&d=mm&r=g\",\"caption\":\"nilton.ortega@telomere.ch\"},\"url\":\"https:\/\/telomere.ch\/en\/author\/nilton-ortegatelomere-ch\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Market Update - November 2025 - Telomere Capital","description":"October delivered a curious paradox: markets climbed to new all-time highs even as uncertainty seemed to be everywhere you looked.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/telomere.ch\/en\/market-update-november-2025\/","og_locale":"en_US","og_type":"article","og_title":"Market Update - November 2025 - Telomere Capital","og_description":"October delivered a curious paradox: markets climbed to new all-time highs even as uncertainty seemed to be everywhere you looked.","og_url":"https:\/\/telomere.ch\/en\/market-update-november-2025\/","og_site_name":"Telomere Capital","article_published_time":"2025-11-07T18:21:48+00:00","article_modified_time":"2025-11-25T09:47:13+00:00","og_image":[{"width":980,"height":654,"url":"https:\/\/telomere.ch\/wp-content\/uploads\/2025\/11\/Market_Update_NOV_ANG_980_654-1.jpg","type":"image\/jpeg"}],"author":"nilton.ortega@telomere.ch","twitter_card":"summary_large_image","twitter_misc":{"Written by":"nilton.ortega@telomere.ch","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/telomere.ch\/en\/market-update-november-2025\/#article","isPartOf":{"@id":"https:\/\/telomere.ch\/en\/market-update-november-2025\/"},"author":{"name":"nilton.ortega@telomere.ch","@id":"https:\/\/telomere.ch\/en\/#\/schema\/person\/0610fcdce5c8cb509527ede1769d181f"},"headline":"Market Update &#8211; November 2025","datePublished":"2025-11-07T18:21:48+00:00","dateModified":"2025-11-25T09:47:13+00:00","mainEntityOfPage":{"@id":"https:\/\/telomere.ch\/en\/market-update-november-2025\/"},"wordCount":1899,"image":{"@id":"https:\/\/telomere.ch\/en\/market-update-november-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/telomere.ch\/wp-content\/uploads\/2025\/11\/Market_Update_NOV_ANG_980_654-1.jpg","articleSection":["Market Update"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/telomere.ch\/en\/market-update-november-2025\/","url":"https:\/\/telomere.ch\/en\/market-update-november-2025\/","name":"Market Update - November 2025 - Telomere Capital","isPartOf":{"@id":"https:\/\/telomere.ch\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/telomere.ch\/en\/market-update-november-2025\/#primaryimage"},"image":{"@id":"https:\/\/telomere.ch\/en\/market-update-november-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/telomere.ch\/wp-content\/uploads\/2025\/11\/Market_Update_NOV_ANG_980_654-1.jpg","datePublished":"2025-11-07T18:21:48+00:00","dateModified":"2025-11-25T09:47:13+00:00","author":{"@id":"https:\/\/telomere.ch\/en\/#\/schema\/person\/0610fcdce5c8cb509527ede1769d181f"},"description":"October delivered a curious paradox: markets climbed to new all-time highs even as uncertainty seemed to be everywhere you looked.","breadcrumb":{"@id":"https:\/\/telomere.ch\/en\/market-update-november-2025\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/telomere.ch\/en\/market-update-november-2025\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/telomere.ch\/en\/market-update-november-2025\/#primaryimage","url":"https:\/\/telomere.ch\/wp-content\/uploads\/2025\/11\/Market_Update_NOV_ANG_980_654-1.jpg","contentUrl":"https:\/\/telomere.ch\/wp-content\/uploads\/2025\/11\/Market_Update_NOV_ANG_980_654-1.jpg","width":980,"height":654},{"@type":"BreadcrumbList","@id":"https:\/\/telomere.ch\/en\/market-update-november-2025\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/telomere.ch\/en\/home\/"},{"@type":"ListItem","position":2,"name":"Market Update &#8211; November 2025"}]},{"@type":"WebSite","@id":"https:\/\/telomere.ch\/en\/#website","url":"https:\/\/telomere.ch\/en\/","name":"Telomere Capital","description":"TELOMERE Capital","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/telomere.ch\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/telomere.ch\/en\/#\/schema\/person\/0610fcdce5c8cb509527ede1769d181f","name":"nilton.ortega@telomere.ch","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4d2bb28e1576869735f05147461358d637cb8f7eafa89e1d05452637bd7d32eb?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4d2bb28e1576869735f05147461358d637cb8f7eafa89e1d05452637bd7d32eb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4d2bb28e1576869735f05147461358d637cb8f7eafa89e1d05452637bd7d32eb?s=96&d=mm&r=g","caption":"nilton.ortega@telomere.ch"},"url":"https:\/\/telomere.ch\/en\/author\/nilton-ortegatelomere-ch\/"}]}},"_links":{"self":[{"href":"https:\/\/telomere.ch\/en\/wp-json\/wp\/v2\/posts\/44507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telomere.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telomere.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telomere.ch\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/telomere.ch\/en\/wp-json\/wp\/v2\/comments?post=44507"}],"version-history":[{"count":16,"href":"https:\/\/telomere.ch\/en\/wp-json\/wp\/v2\/posts\/44507\/revisions"}],"predecessor-version":[{"id":44554,"href":"https:\/\/telomere.ch\/en\/wp-json\/wp\/v2\/posts\/44507\/revisions\/44554"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/telomere.ch\/en\/wp-json\/wp\/v2\/media\/44520"}],"wp:attachment":[{"href":"https:\/\/telomere.ch\/en\/wp-json\/wp\/v2\/media?parent=44507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telomere.ch\/en\/wp-json\/wp\/v2\/categories?post=44507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telomere.ch\/en\/wp-json\/wp\/v2\/tags?post=44507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}