ACG's November Capital Markets Review

ACG’s November Capital Markets Review

Markets in the US rallied after a decisive presidential election opened the door for deregulation and corporate tax cuts that are viewed as constructive for corporate earnings.
The S&P 500 was up 5.87% for the month and is now up +28.07% this year through November.
Small Cap stocks enjoyed a major bounce and rose +10.97% during the month as measured by the Russell 2000 Index.
The Financials and Consumer Discretionary sectors jumped +10.28% and +13.34%, respectively, during the month to lead all S&P 500 sectors higher.
Growth and Value styles finished the month evenly, with Value-oriented equities benefitting from the strength of financial stocks. The Russell 1000 Growth Index has outperformed so far this year.
The MSCI EAFE Index fell -0.57% for the month and is now up +6.24% for the year. Emerging Markets were hurt by a stronger US Dollar in November and fell -3.59% to bring YTD performance to +7.65%.
The 10-year Treasury yield moved moderately lower during the month despite some volatility as markets digested the election outcome and prognosis for inflation. The Bloomberg US Aggregate Index rose +1.06% for the month and is now up +2.93% for the year.

Download the full report HERE to see index returns and more.

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