Shesa's NOVEMBER 2023 Investment Blog
By Shesa Nayak U.S. Stock Market Commentary This month brings the completion of 10 years or one decade of writing my Investment Blog . I thank to all my blog readers for their continued interest. Stock Market: After struggling for three months we finally saw a big rally in the stock market. Nasdaq and S&P 500 is up 34.96% and 17.57% for the year till date. The Federal Reserve did not raise interest rate in October and there was a change of tone from Fed Chairman J Powell. The tone was little more dovish and investors think that FED is done raising rates. As a matter of fact, the bond yields came down significantly and short covering added fuel to the rally. The huge rally in bond yield had escalated the interest rate significantly and that did the job of Federal Reserve. The stock market had a continuous 8-day win streak in this cycle from November 1 to November 8 , first time since late 2021. This is really and I will elaborate later. The so called magnifice...