3rd November 2025 – AWS continues to drive the AI thematic, while breadth of rally narrows

MPC Markets Morning Call · Nov 2, 2025 · 11m

In this morning's edition of the MPC Markets Morning Call, Mark discusses the current state of the market, focusing on the AI thematic driven by recent earnings reports. He highlights concerns about the narrowing breadth of the rally, particularly among AI stocks, and explains the implications of the Hindenburg Omen. Mark also shares insights on investment strategies, emphasizing the importance of being cautious while identifying potential buying opportunities in the market.

Takeaways

The AI thematic is driving the current market trends.

Concerns are rising about the narrowing breadth of the…