December 01, 2023

November 2023 Recap

Latest Publications November 2023 Recap

All three major U.S. equity indices delivered their strongest monthly gains of the year, respectively ending a string of three straight monthly declines. The S&P 500 more than fully recouped its 8.45% August through October loss, boosting its YTD gain back above 20%, and ended November just 4.8% below its all-time high on January 3, 2022. The powerful November rally was fueled by growing optimism that the Federal Reserve will likely refrain from further interest rate hikes and begin easing rates next year.

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The Monthly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.