Daner's Digest: A November to Remember

By the numbers: Here’s what key indices did in the month of November 2023.

• S&P 500: up 8.92% to 4,568
• Nasdaq Composite: up 10.67% to 14,226
• Dow Jones: up 8.77% to 35,951
• 10 Year Treasury yield: 4.37%
• 12 Month Treasury yield: 5.16%

A bit of perspective: A combination of lower inflation and rising consumer confidence resulted in a huge rally for stocks and falling treasury yields in November.

Softer jobs data was cheered by market bulls, potentially indicating that Fed tightening is showing its intended effects by cooling the economy. But we don’t want things to cool too much! Think Goldilocks — we want it to be “just right.”

November featured a complete reversal in sentiment from October, which had been the third month of declining stocks in a row. Headwinds remain, but you wouldn’t know it by glancing at the major stock market averages this month.

Long-term investing continues to be the ticket.

Please remember this: If I can ever be of service to you, please do not hesitate to reach out to me.

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Marc Daner, CFP, ChFC

www.DanerWealth.com