November 2022 Economic and Market Highlights

Stock and bond markets rallied in November following some encouraging economic data, highlighted by an inflation reading of 7.7% which was well below expectations

Strong returns in U.S. stocks were outshined by double-digit returns in foreign stocks, with emerging market equities leading the pack

The U.S. Bond markets pared some of the losses from 2022, but are still having their worst year in modern times

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Source: Morningstar- All performance is percentage of total return

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November 2022 Economic and Market Highlights