Welcome to another monthly market commentary with me, Nicholas Olesen. This month I want to hit on all the “bubble” and “overextended” talk that I have been hearing on the news media, as well as where do markets seem to want to go into year-end.
Let’s first look at the S&P 500 for November. Stocks basically treaded water in the beginning of the month but then really took off the second week of the month. Most indices broke through major milestones, be it important numbers or all-time highs. The S&P 500 broke through and closed above 1,800 for the first time ever, closing the month at 1,805, or up over 2.5%.
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