For those of you interested in the details of the economy, here's November’s monthly economic report.
Oct recap:
Regardless of party affiliation, investors may try to gauge what will happen on election night and whether to make any adjustments accordingly. The good news, from a financial perspective, is that historically midterm elections have not had a major impact on the financial markets or provided reasons for investors to make major changes to their investment plans. It’s critical to take a step back and let history be our guide. Let’s look:
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Stocks took it on the chin last week. The S&P 500 Index and Dow Jones Industrial Average each fell by just over 4%, and the NASDAQ lost 3.7% representing their worst weekly performances since March. Stocks began losing ground as the yield on the 10-year US Treasury spiked, helped by comments from US Federal Reserve (the Fed) Chair Jay Powell, who suggested that the Fed could continue to raise rates before finishing its cycle. Other news that...
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