[{"data":1,"prerenderedAt":67},["ShallowReactive",2],{"insight-check-ins/november-2025-bend":3,"checkin-check-ins/november-2025-bend":4},null,{"id":5,"title":6,"body":7,"cartoon_image":51,"date":58,"description":51,"extension":59,"meta":60,"navigation":61,"path":62,"seo":63,"stem":64,"subtitle":65,"__hash__":66},"checkIns/check-ins/november-2025-bend.md","Bend Not Break",{"type":8,"value":9,"toc":50},"minimark",[10,14,19,23,26,30,33,36,40,43,47],[11,12,6],"h1",{"id":13},"bend-not-break",[15,16,18],"h2",{"id":17},"market-overview","Market Overview",[20,21,22],"p",{},"November brought the kind of volatility that separates disciplined investors from reactive ones. After a sharp pullback in the first week — driven by election uncertainty and mixed earnings signals — markets found their footing and recovered most of the ground by month's end.",[20,24,25],{},"The S&P 500 dipped 3.2% intraweek before rallying back to finish November essentially flat. Bond yields fluctuated as traders repriced Fed rate expectations. The 10-year Treasury touched 4.65% before settling at 4.42%.",[15,27,29],{"id":28},"what-were-watching","What We're Watching",[20,31,32],{},"The key story this month was resilience. Corporate earnings continued to surprise to the upside, with 78% of S&P 500 companies beating estimates. Consumer spending remained healthy despite higher borrowing costs, and the labor market showed signs of gradual normalization rather than deterioration.",[20,34,35],{},"For our clients, the message is familiar: volatility is the price of admission for long-term returns. The portfolios we build are designed to bend under pressure, not break.",[15,37,39],{"id":38},"our-positioning","Our Positioning",[20,41,42],{},"We used the November dip to selectively add to positions in high-quality equities that had pulled back to attractive valuations. Tax-loss harvesting opportunities were plentiful this month, and we acted on them across client portfolios where appropriate.",[15,44,46],{"id":45},"bottom-line","Bottom Line",[20,48,49],{},"The headlines were loud, but the fundamentals were steady. We remain focused on the long-term plan — your plan — and will continue to look for opportunities that short-term volatility creates.",{"title":51,"searchDepth":52,"depth":52,"links":53},"",2,[54,55,56,57],{"id":17,"depth":52,"text":18},{"id":28,"depth":52,"text":29},{"id":38,"depth":52,"text":39},{"id":45,"depth":52,"text":46},"2025-11-10","md",{},true,"/check-ins/november-2025-bend",{"title":6,"description":51},"check-ins/november-2025-bend","Markets tested, portfolios held","0HeBtFSPsH8XMfabgppV-zvn0OdmdBtvbO22_EAprRY",1776569583740]