Student of the Market: November 2023
November 2023 Highlights
- Inflation on a downward path
The CPI inflation rate has now dipped below short-term interest rates, which has historically amplified core bond returns over the following year.
- Fed potentially now on pause, illuminating stock & bond opportunities
Historically, both U.S. stocks and core bonds have outperformed money market funds by 18.7% and 8.3% when the Fed pauses, meaning now may be the sweet spot for both asset classes.
- Consistent stock returns across election cycles
With the 2024 U.S. election coming up, staying invested for the long-term still makes sense, as stocks have continued to rise regardless of which party was in power.
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