All markets rose in November, with investors taking courage from reduced inflation. The average return for stock indices was 5.2% for the month. All sectors of the market, including international, rose last month. Bonds also climbed with an aggregate return of 3.5%. Diversified portfolios, with bonds and stocks, performed competitively.
With the rate of inflation tapering in November, the Federal Reserve indicates it will reduce the rate hike at their upcoming December meeting. This is good news to investors as too aggressive rate hikes would not only stop inflation but bring on recession next year. Again, we watch to see how it all plays out.
Brilliant stars stun the deep night with wonder. They dance in the eyes of young faces full of anticipation. Excitement builds from believing that goodness will be rewarded, that impossible dreams can come true, that those we love can live with generosity in peace.
