By Park-Elm|
2024-11-05T18:13:25+00:00
November 5th, 2024|General, Markets|
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- As U.S. equity markets brace themselves for employment numbers, the upcoming Presidential election, and a Fed rate decision, disappointing outlooks from Big Tech led to a retreat in mega-cap strength on the final trading day of October. The S&P 500® declined by 1% for the month, although large caps outpaced their small-cap peers.
- On the back of strong earnings and disinversion of the yield curve, Financials led among large-cap sectors, up 3%, while Materials and Health Care lagged.
- Momentum and Enhanced Value were the sole positive performers among our reported factor indices.
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