Month In Review: A November To Remember
This month’s price move in the S&P500 ranks as the fourth-best November in the post-war period. Credits spreads came in quite a bit, and the Chicago Fed’s National Financial Conditions eased 20 points, simply stunning. With such a significant easing, the Fed’s job is more challenging. However, don’t tell Ms. Market; she is pricing several rate cuts next year.
We now begin the second-best month of the year, on average, for the S&P500, and Ms. Market is certainly not on the side of recessionistas. Watch credit spreads.
Source: https://global-macro-monitor.com/2023/11/30/month-in-review-a-november-to-remember/
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