Is it too early to worry about technology regression?

November is historically the best month for the S&P 500 index, with an average gain of 1.8% over the period, according to Stock Traders Almanac.

However, during the first full week of the month, stocks were hit by the November rains.

of S&P500 and Dow Jones Industrial Average Each decreased by more than 1%, but Nasdaq Composite It fell by about 3%. This was the biggest weekly decline since the tech index fell 10% in the week ending April 4.

A few months ago, tariffs were a shadow hanging over stock prices. There are currently concerns that artificial intelligence-related stocks are being traded at prices that diverge from the actual value of the company.

“You’re investing trillions of dollars in, say, seven stocks. So when you have that kind of concentration, it’s inevitable that you’re going to worry about, ‘When is this bubble going to burst?'” DBSTan Suchan, Southeast Asia’s largest bank, told CNBC.

goldman sachs CEO David Solomon also believes there may be some ups and downs in the future.

“The stock market is likely to decline by 10 to 20 percent within the next 12 to 24 months,” Solomon said Tuesday at the Global Financial Leaders Investment Summit in Hong Kong.

However, a pullback is not necessarily bad for stock prices. It could even present a “buying opportunity” for investors, said Glenn Smith, chief investment officer at GDS Wealth Management.

All in all, despite concerns about high valuations in tech stocks, the gains are “reassuring,” UBS multi-asset strategist Kiran Ganesh told CNBC. That means the rain won’t last and the rally could go on for a little longer.

—CNBC’s Lee Ying Shan, Hugh Leask and Lim Hui Jie contributed to this report.

The major U.S. indexes were mixed on Friday. The S&P 500 and Dow Jones Industrial Average rose more than 0.1%, while the Nasdaq Composite closed 0.21% lower. pan-european Stocks 600 I lost 0.55%. U.S. futures rose on Sunday evening.

China’s consumer prices will rise in October. The consumer price index released on Sunday rose 0.2% from a year earlier. This is the first time since June that prices have risen, beating analysts’ expectations for zero growth.

The U.S. government is on track to lift the shutdown. A person familiar with the deal told CNBC that enough Democratic senators have agreed to vote in favor of a deal that provides funding to the U.S. government through the end of January.

Another missing job report. The ongoing U.S. government shutdown, currently the longest in history, means the Bureau of Labor Statistics is unable to release monthly employment figures. Here’s what economists would have expected the report to show:

(PRO) A stock that has the potential to rebound after a decline. Using CNBC Pro’s stock screener tool, we found several stocks that are oversold based on their 14-day relative strength index. This suggests that there may be a period of price recovery.

Global wealth boom is spurring an increase in family office fraudsters

Fundraisers and scammers are posing as family office representatives to scam gullible investors, but some are just in it to “pump their egos,” several industry veterans told CNBC.

The information vacuum seems to be encouraging scammers. In many markets, true single family offices (SFOs) are exempt from registration as long as they only manage family funds. Industry experts say these privacy norms often make verification difficult.

— Li Yingshan