According to Gary Black, bargain hunters stepped in pre-market to buy beaten-down tech shares after worries that the AI-fueled rally since April had overshot, signaling risk appetite returning before the open (source: Gary Black @garyblack00 on X, Nov 7, 2025). According to Gary Black, TSLA shareholders approved a potential $1 trillion compensation package for Elon Musk, with more than 75% of votes in favor, removing an overhang on the stock that had weighed on sentiment (source: Gary Black @garyblack00 on X, Nov 7, 2025). According to Gary Black, markets are operating with limited clarity due to scarce economic data during the longest U.S. government shutdown in history, leaving the interest-rate path unclear; he believes Congress will agree to end the shutdown before Thanksgiving (source: Gary Black @garyblack00 on X, Nov 7, 2025). According to Gary Black, equity valuations remain defensible: the S&P 500 trades at 22.0x forward earnings, implying a 4.5% forward earnings yield versus a 4.1% 10-year Treasury yield, consistent with historical equity risk premiums over the past 60 years (source: Gary Black @garyblack00 on X, Nov 7, 2025).