Market Thoughts November 2024

Commonwealth CIO Brad McMillan recaps October’s market and economic news. Markets were down in October across the board, with stocks falling at month-end. Bonds also dropped as traders dialed back expectations for Fed rate cuts. This pullback was largely due to signs of surprisingly strong economic growth, as solid hiring and rising confidence drove consumer spending. While the economic and earnings news was positive, there are still political risks in the headlines. Will the uncertainty around the U.S. election rattle markets in November? Stay tuned and follow Brad at blog.commonwealth.com/independent-market-observer.

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