A November To Remember?
As of today’s close, the S&P move in just the first half of the month already ranks as the 6th most significant November monthly move in over seventy years.
It’s challenging to find a similar set-up going into the end of the year as the index was up 20 percent at the end of July and then took an 8.6 percent swan dive during the next three months, setting up this humungous bounce in the first few weeks of November. Recall that, on average, November is the best month of the year for stocks by a wide margin, followed by December.
Of course, the set-up for December will change if we get a decent pullback in the next few weeks. It’s stunning to hear some talking heads predict another 7-10 percent for the rest of the year. It is possible, and we will take it, but the empirical probabilities suggest otherwise, as illustrated in the above table.
It’s a mug’s game trying to predict short-term stock moves, but we can’t help ourselves. Given the seasonals, the empirical probabilities point higher, likely after the stock market digests this big move, churning and burning in a narrow range before the Santa Claus ramp.
Today’s relative performance in the Russell 2000 was disappointing, but we do suspect that small caps will lead when the market begins its next holiday leg up. If not, we will take it as a signal a recession looms.
Who said this business was easy?
Source: https://global-macro-monitor.com/2023/11/16/a-november-to-remember/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,691,651,832 |
| Stories: | 8,403,126 |
Whistler Blowers, Insiders
