Post Election Market Rally
US stocks rallied sharply on Wednesday, reaching record highs following Donald Trump’s win in the 2024 presidential election. The outcome was determined sooner than anticipated, with Trump securing several key swing states and the race being called early Wednesday morning.
In addition to the presidential election, Republicans gained control of the Senate, while the House of Representatives remains undecided, and it could take several days for the final outcome.
Markets responded quickly to the increased clarity, with volatility dropping as investors adjusted to the election results. U.S. stocks saw substantial gains, particularly in small caps, regional banks, industrials, and energy sectors.
While we are not making any immediate portfolio adjustments based on these developments, November is a scheduled rebalancing month for many of the portfolios. As always, we will consider the broader geopolitical environment and economic environment as we rebalance portfolios this month.
We appreciate your continued trust in these dynamic times.
Content is used with the permission of Synergy Asset Management. This information is being provided to you as it has been determined by SPG Advisors LLC to be suitable in relation to your portfolio, needs, objectives, and other considerations. SPG Advisors, LLC and Synergy Asset Management are affiliated. All such information is provided solely for convenience, educational, and informational purposes only. Past performance does not guarantee future results. All investing comes with risk, including risk of loss. No investment strategy can guarantee a profit or protect against loss in periods of declining values. All rights reserved. No part of this publication may be reproduced, distributed or transmitted in any form without the prior written permission of the publisher.
The information contained herein is general in nature. It is provided for illustrative or informational purposes only, and should not be construed as advice. SPG does not provide estate, legal, or non-financial planning tax advice. Consult with your tax professional, estate or legal professional prior to making any financial decisions for your personal situation.
Learn more:
- Market Update – December 2nd, 2024
- Market Update – November 25th, 2024
- Market Update – November 18th, 2024
- Market Update – November 11th, 2024
- Post Election Market Rally
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