Attached is the Maridea Monthly Market Update for November 2024. This report offers a snapshot of key trends shaping the current economic and market landscape. Here are the takeaways for this month:
- The S&P 500 Index returned -0.9%, outperforming the Russell 2000 Index’s -1.4%return. Three of the eleven S&P 500 sectors traded higher, with Financials andCommunication Services both gaining more than +1.5%. The remaining eight sectorsall traded lower by more than -1% during the month.
- Corporate investment-grade bonds produced a -3.2% total return as Treasury yieldsrose, underperforming corporate high-yield’s -1.0% total return.
- International stocks traded lower. The MSCI EAFE developed market stock indexreturned -5.3%, while the MSCI Emerging Market Index returned -3.1%.
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