The Fred Report - Weekly November 10, 2025

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New Highs/New Lows showed negative new lows – i.e. more new lows than new highs. My good friend Walter Murphy mentioned that this was the first time this has occurred since April, and that this breaks a string of 27 weeks with more highs than lows – the longest such run since 2020/2021 when markets were coming off the Covid low.



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