All three major U.S. equity indices returned to gains in November as Donald Trump’s sweeping presidential election victory fanned a rebound rally supported by earnings optimism over proposed tax cuts and deregulation. Likewise, Trump’s pick of Scott Bessent for Treasury Secretary fueled investor optimism that trade tariffs will be more measured, boosting both stocks and bonds for the month. November inflows of approximately $141 billion into equities is the heaviest for a four-week period on record, according to EPFR Global.
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.