S&P 500 Thanksgiving Leftovers Rebound, Then Retreat
The S&P 500’s ten worst-performing stocks of 2025, tracked as the “Thanksgiving Leftovers,” staged a strong rebound before retreating in October 2026. The equally weighted group bottomed in late September at about 15% below its value on 28 November 2025. It recovered to that starting level on 22 October, but then fell to 94.4% of it in less than a week.
The market-cap-weighted portfolio followed a similar pattern. It bottomed at 80% of its starting value on 7 October, climbed to 86.5% on 22 October, and then slipped to 84.3%. The figures show a sharp recovery in the S&P 500’s weakest 2025 performers, followed by renewed losses.
Neutral
This report concerns a small group of S&P 500 stocks, not cryptocurrencies, and gives no direct information about crypto prices, flows or market infrastructure. Its immediate effect on crypto trading and market stability is therefore likely to be negligible.
In the short term, the stock group’s rebound and pullback may draw attention to changing risk appetite, but the figures alone do not establish a broader market trend. Crypto traders would need to look for confirmation in indicators such as Bitcoin’s correlation with equities, Treasury yields, the U.S. dollar, spot ETF flows and crypto trading volume. Similar episodes of equity volatility have sometimes coincided with moves in crypto when investors broadly reduce risk, but that relationship is inconsistent and is not demonstrated by this article.
Over the longer term, the performance of these ten stocks does not provide a clear signal for digital assets. The most reasonable classification is neutral unless broader cross-asset data show that the equity move is part of a wider shift in investor risk appetite.