Please stay tuned for important disclosure information at the conclusion of this episode.

Hello and welcome to the Morning Filter podcast. I'm Susan Jubinsky with Morningstar.

Every Monday before market open, Morningstar Chief U.S. market strategist Dave Sikara, and I sit down to talk about what investors should have on their radars for the week,

some new Morning Star research, and a few stock ideas.

Now, before we start this week, we have one programming note.

Dave and I are going to be taking a bigger than usual dive into our audience mailbag as part of our Thanksgiving week episode next Monday.

So get your questions into us.

You can reach us at the

morning filter at morningstar.com. All right. Well, good morning, Dave. Let's talk briefly before we

look ahead about last week's market action. The tech trade came under some pressure,

though we did see tech stacks sort of bounce back quite a bit on Friday. So what's your take?

Was this a healthy and temporary pullback or something else? You know, I don't even know if I even

would even really call it a pullback. I mean, more than anything else, it seemed more like

it's just kind of buyer fatigue, especially in AI stocks more than anything else. You know,

just taking a look through, you know, the headlines, I didn't see anything that was really what I

considered to be new negative news that caused the market to start, you know, doubting the

AI story.

But at the same point in time, there was really no new positive news out there, you know, as

well.

I think the market had gotten spoiled in October. It seemed like every

couple days or every week, there was some new partnership, new deal that was done among the AI

players and that led to a lot of fair value increases. So I think it's just a matter of not having any

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