Investing Update: What Does December Hold?
What I'm buying, selling & watching
For the fifth session in a row, the S&P 500, Nasdaq, Dow and Russell all closed in the green. The Dow and S&P 500 wrapped up November with their seventh straight monthly gain, marking the longest run for the Dow since January 2018. The Nasdaq, however, saw its seven month streak come to a close as it ended November slightly lower.
Market Recap
Weekly Heat Map Of Stocks
I really like these breakdowns of the major indices and S&P 500 sectors from Grant Hawkridge. They add helpful context by showing how each one sits relative to its recent lows and highs.
Despite a mid-month pullback of almost 5%, the bulls regained control and we saw a v-shaped bounce.
Sentiment shifted late in the month around expectations that the Federal Reserve might cut interest rates in December. That helped support a rally across several sectors.
Tech and “AI-growth” stocks remained under pressure. Some high-profile names pulled back significantly, weighing particularly on the Nasdaq.
At the same time, non-tech areas including parts of healthcare and other sectors saw some upside, as investors hunted for value outside high-flying growth.
The S&P 500 has not seen a red month since April.
Does this streak continue in December?