Market Musings 12/2/2024
Quick thoughts on the markets and major portfolio news. Not on Ursa yet? Download Ursa from the App Store!
The S&P surged in November ending up almost 6% following a strong post-election rally.
🇺🇸 November Elections
Markets popped following the election. Investors are anticipating a stronger business environment from potential #Deregulation to #MadeInTheUSA domestic manufacturing to corporate tax cuts.
In particular, we saw strong outperformance in Financials, Industrials and Communications.
🎁 December Uncertainty
So, December opened a little mixed. Despite a typically seasonality strong month (particularly the Santa rally post Christmas), macro uncertainty is weighing on the holiday cheer.
A strong #LaborMarkets jobs report on Friday could alleviate some concern.
However, skepticism may persist until the Fed meeting mid-month. Investors are currently favoring more #RateCuts (3-to-1 odds), but we could see expectations flip-flop until the meeting.
Once again at all-time highs, markets are pretty frothy with optimism.
The economy appears to be trending towards that coveted #Goldilocks soft landing, but we still need to land it.
#LaborMarkets remain our primary question mark as well as some concerns with the last mile of #Inflation declines.
As usual, we recommend adding to portfolios on a regular basis and look to take advantage of any market pullbacks for additional contributions.
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The statements, opinions and analyses presented here are provided as general information. This article is the opinion of the author. Anything within this article should NOT be considered an investment recommendation or advice. See Ursa’s full disclosures here.
Original Photo by fauxels.