Commonwealth CIO Brad McMillan recaps November’s market and economic news. Markets rallied in November as investors poured into U.S. stocks following the 2024 election results. All three major U.S. indices ended the month in positive territory, with the S&P 500 and Dow showing record highs. While it was a great month for U.S. investors, international stocks ended down, and developed and emerging markets fell. On the economic front, personal spending and retail sales growth came in strong, and service sector confidence rose to a two-year high. Despite the good news, will upcoming policy changes affect the geopolitical landscape? Stay tuned and follow Brad at blog.commonwealth.com/independent-market-observer.
