• A rally on the last trading day of November capped off a month of relief for the market in the form of easing inflation and optimism surrounding a potential slowing pace of U.S. rate hikes. The S&P 500® posted its second consecutive month of gains, with a total return of 6%. The S&P MidCap 400® and S&P SmallCap 600® were up 6% and 4%, respectively.
  • All S&P 500 sectors finished higher with Materials in the lead and every reported U.S. equity factor index also rose, led by High Beta.
  • Performance among commodities was mixed, with gains in Industrial and Precious Metals and declines among Livestock, Agriculture, and particularly Energy.
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