A market “melt-up” made November the best month of 2023 for equity investors and the best month in over two decades for bond investors.
A strong rebound in risk assets was supported by:
- Better than expected inflation data in both the US and the eurozone,
- A plateau in interest rates and a shift in market expectations about timing of interest rate cuts,
- A drop in long bond yields,
- A continuation of solid earnings and,
- Positive liquidity conditions.
In the latest market update from Kevin Quinn, Chief Investment Strategist with Investment Markets, Kevin reviews the performance of global markets in November and outlines his top six highlights from November:
