Market Thoughts for December 2021

Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for November. After a strong October, November saw generally weak performance in the markets. In the U.S., the Nasdaq showed a small gain, but the S&P and the Dow were down. These results were driven by the emergence of the Omicron variant and the Fed’s announcement that it would start to normalize monetary policy. Still, hiring for October was healthy, and layoffs dropped to pre-pandemic levels in November. So, where do we go from here? Stay tuned to find out. Follow Brad at http://blog.commonwealth.com/independent-market-observer.