Market Insights

After an impressive month of financial returns, November may have offered investors new investment insights. Many market and economic events unfolded over the recent past creating uncertainty and potential opportunity. The US election ended undisputed; candidate selection began for important executive branch jobs; threats of trade tariffs elevated; external conflicts consumed global politics; and US financial markets took another favorable step forward.

The United States concluded its 60th quadrennial presidential election, electing a Republican as the nation's next commander and chief and 47th President to serve in the White House. In addition, the election results turned the US Senate over to the Republicans after four years of Democrat control. With another layer of uncertainty related to elections removed from markets, market prices are adjusting to the anticipated policies of the new administration.

Many cultures of past and present have symbolized September as the harvest month. Throughout Switzerland, the word used in place of September is Herbstmonat, which translates to harvest month. Former Anglo-Saxon tribes who used to inhabit parts of Great Britain knew September as barley month called Gerstmonath. Financially and metaphorically speaking, this September harvested the first federal interest rate cut in a series of future cuts expected for the economy since the Federal Reserve raised monetary policy rates eleven separate times, starting in 2022.