November was volatile for U.S. Equities before leveling off, as inflation concerns, tariff
pressures, and the fallout from the prolonged government shutdown kept investors
cautious.
Missing economic data added uncertainty to the Federal Reserve’s upcoming policy
decisions, especially with signs of a cooling labor market.
As uncertainty grew, investors shifted away from large tech companies toward steadier
sectors. Global bonds were relatively calm, supported by expectations of easing policy,
though concerns about future Treasury supply and unclear economic signals limited
overall optimism.