Monthly Market Update
Submitted by TLWM Financial on December 1st, 2023
We hope everyone enjoyed their Thanksgiving and the rally we saw in stocks last month!
The S&P 500 bounced back in November, up roughly 9% for the month. This move higher was welcomed, particularly as it followed a 10% pull-back from the July highs. Bonds also rallied as the 10-YR treasury yield dropped, closing at 4.37%. (YCharts)
Over the course of the month, there were 3 main themes that likely contributed to the move higher.