Wave-4 correction

U.S. stocks are heading into Friday’s session on edge after a violent reversal on Thursday wiped out big intraday gains, hammered tech, and left the Nasdaq 100 around 8% below its late‑October peak. MarketPulse+1 Below is a news-style breakdown of what’s happening today (21.11.2025), why it’s happening, and how analysts are framing the move using both macro data and technical tools like Elliott Wave. Key Takeaways for November 21, 2025 How We Got Here: A Reversal for the Ages On Thursday, November 20, Wall Street staged one of its sharpest intraday reversals since the April 2025 “Liberation Day” tariff shock