#MarketPullback

Markets reacted positively to the outcome of the 2024 election. “The market adjusted its pricing once the uncertainty of the election outcome was removed as an issue,” says Rob Haworth, senior investment strategy director with U.S. Bank Asset Management. From November 6 to month’s end, the S&P 500 index gained more than 4%. However, other factors contributed to November’s strong performance. “We continue to see economic growth, inflation and Federal Reserve (Fed) interest rate policy as the primary capital market drivers. There is potential for government policy to become more prevalent in investors’ minds as the new administration’s priorities develop.”