Market Overview - Wall Street experienced a subdued November, with the S&P 500 losing 0.04%, the Dow Jones gaining 0.8%, and the Nasdaq Composite declining by 0.9% [1] - The reduced likelihood of the Federal Reserve cutting rates in December and concerns over a potential AI bubble contributed to market hesitance [1] Healthcare Sector Performance - The healthcare sector saw a boost in November as investors shifted towards non-cyclical and lower-valuation sectors, with the Health Care Select Sector SPDR Fund (XLV) gaining approximately 9.1% [2] Key Events - The U.S. government shutdown, lasting over six weeks, ended on November 12, 2025, but limited economic data availability led to speculation against December rate cuts by the Fed [3] - NVIDIA reported strong earnings, with its data center business generating $51.2 billion, surpassing the consensus estimate of $49.3 billion, alleviating some investor concerns regarding AI spending [4][5] - Despite positive earnings, NVIDIA shares fell by 14.4% over the past month, partly due to SoftBank selling its entire stake for $5.83 billion to fund a $22.5 billion investment in OpenAI and other infrastructure projects [6][7] Natural Gas Market - Natural gas prices surged in November due to expectations of extreme cold weather in the U.S., Asia, and parts of Europe, with the United States Natural Gas Fund LP (UNG) increasing by about 7% [8] Eli Lilly's Milestone - Eli Lilly briefly reached a market cap of $1 trillion on November 21, 2025, becoming the first healthcare company to achieve this milestone, driven by growth in the GLP-1/GIP market [9] - The competitive advantage of Eli Lilly's tirzepatide over Novo Nordisk's semaglutide drugs is contributing to its leadership in the weight-loss market [10] ETFs Performance - Several ETFs performed well in November, including: - State Street SPDR Portfolio S&P 500 ETF (SPYM) – Up 186% [12] - Breakwave Tanker Shipping ETF (BWET) – Up 186% [13] - YieldMax MSTR Short Option Income Strategy ETF (WNTR) – Up 32.1% [14] - Sprott Lithium Miners ETF (LITP) – Up 26.3% [15] - Roundhill GLP-1 & Weight Loss ETF (OZEM) – Up 20.1% [16]