Market Commentary
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The CPC Team
December 4, 2024
November 2024 Economic & Market Highlights
- November delivered a boost to U.S. equity markets, fueled by post-election optimism. Large-cap stocks thrived, with the S&P 500 up 5.9% and Dow Jones soaring 7.7%, but small caps stole the spotlight, jumping 11.0% on hopes for tax reforms and deregulation.
- The bond market also joined the party, delivering solid returns as easing inflation expectations and a positive economic outlook set the tone. The Barclays Aggregate Bond Index gained 1.1%, while municipal bonds rose 1.7%.
- International markets, however, had a tougher time keeping up. The MSCI EAFE index slipped 0.6%, weighed down by sluggish growth in Europe and Japan. Emerging markets had an even rougher ride, dropping 3.6%, as a strong U.S. dollar and some mixed signals from China's economy took their toll.
The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of CPC Advisors and not necessarily those of Raymond James. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance does not guarantee future results.
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