Less volatile than in October, the markets still made big swings here and there during this cycle. It looks as if the downward pressure has subsided for now but it could change at any moment. With no stress, our November positions expired for an average return of 9.9% for the month!
Big market swings may still be the norm for a while. The Fed continues to have a hawkish stance on rates and many analysts fear this approach will stop the economy dead in its tracks. If at the next meeting, the Fed makes a statement to being neutral on rates, that may be the catalyst for Wall Street confidence to return. Only time will tell.
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