It’s time to review last month’s key events and look ahead to what’s coming in the market and economic landscape. Download the latest edition of the Month-in-Review, developed by the Prime Capital Financial Investment Team!
Quick Takes
- Strong Stock Markets. Equity markets rallied in November after Donald Trump won re-election. The S&P 500 was up 5% during the month. This was also helped by strong results from companies like Amazon, Walmart, and Nvidia.
- Inflation and Interest Rates. The 10Y treasury yield fell slightly in November from 4.4% to 4.2%. Unemployment remained steady at 4.1% and nonfarm payrolls increased by just 12K because of strikes and hurricanes. CPI inflation rose to 2.6% in October from 2.4% in September. PCE inflation came in at 2.8% in line with forecasts.
- Antitrust. The Department of Justice requested Google to sell its Chrome browser on antitrust grounds in November as well as its android business. In the meantime, the Federal Trade Commission moved to prevent UnitedHealth’s purchase of Amedisys.
- Trump Tariff Threats. President-Elect Donald Trump has announced that he would enact tariffs on imported goods to help American industry. He announced that he would enact a 25% tariff on all imports from Canada and Mexico. He also wants to tax Chinese imports at an additional 10%.
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This article is not to be construed as financial advice. It is provided for informational purposes only and it should not be relied upon. It is recommended that you check with your financial advisor, tax professional and legal professionals when making any investment or any change to your retirement plan. Your investments, insurance and savings vehicles should match your risk tolerance and be suitable as well as what’s best for your personal financial situation.
