Every holiday season brings its own list of things to be grateful for.

Family. Health. Good food.

All the important things that remind us how much of life happens outside the markets.

But even as I slow down, I still find myself reflecting on the opportunities this year has handed investors.

Some were easy to spot. Others required a bit more patience.

But right now I can’t help but be thankful for one market anomaly – sentiment shifts.

And I’m not talking about the kind driven by real deterioration in fundamentals.

Those are normal and often justified.

I mean the other kind.

The sharp, emotional, narrative-driven swings that wash over the market and create prices that simply do not match reality.

We just lived through a perfect example.

One month ago Nvidia peaked at $212. Today it trades around $182.

Investors have been scrambling for explanations. But the truth is simple.

The fundamentals did not break. The sentiment did.

Here is what drove that shift:

• A strange interview with Sam Altman where he became unusually defensive about OpenAI spending commitments.

• Michael Burry warning about hyperscaler accounting practices.

• Oracle taking on several large debt deals that spooked investors.

I understand why these events caused hesitation.

They were loud. They generated headlines. And they arrived in a cluster.

But here is what else happened over that exact same month:

• Hyperscalers reiterated their AI buildout plans and increased their 2026 spending forecasts.

• The LLM race intensified with Google rolling out Gemini 3 and pushing the industry forward.

• Nvidia reported exceptional earnings and consensus EPS for next year spiked from 6.01 ninety days ago to 7.45 today!

That is not deterioration. That’s a major improvement.

Yet Nvidia remains well off its highs and it’s not alone.

Meta, AMD, Oracle, and Palantir have all pulled back.

Even crypto was swept up in the negativity with Bitcoin sliding from a record $126,000 to around $88,000.

Which brings me back to what I’m thankful for…

This year I am thankful for moments like this.

I am thankful that sentiment can decouple from fundamentals long enough to create opportunity.

I am thankful that markets sometimes panic before thinking.

And I am thankful that we’re now able to pick up high-quality investments at discounted prices.

These moments don’t come often.

But when they do, we must take advantage.

Have a great holiday weekend.

And keep in mind that today is a shortened trading day.

Markets close at 1 p.m. Eastern.

Get your trades in while you can.