Investment Review - December 2024
- The U.S. equity market saw a strong rebound in November, with the S&P 500, Nasdaq Composite, and Dow Jones reaching new all-time highs. The equity market’s strong performance indicates market optimism in spite of some underlying economic challenges.
- The Russell 2000, which tracks small-cap stocks, surged 10.9% in November, likely reflecting excitement about the new administration’s potential policies on taxes, deregulation, trade, and a continued trend towards lower rates.
- The 10-year Treasury rate remained volatile in November, but ended flat for the month, falling after the announcement of Scott Bessent’s nomination for Treasury Secretary.
Key Investment Statistics
Sources: FactSet, Board of Governors of the Federal Reserve System, U.S. Department of Commerce, Federal Reserve Bank of St. Louis, U.S. Department of Labor
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