In general, November was a down month for the markets and exchange traded funds (ETFs).
The Dow Jones Industrial Average lost 1% in November. The Nasdaq declined 0.4%, and the S&P 500 lost 0.2%.
A looming question was finally answered early on this month: would Republicans take control of the House in the mid-term elections? The answer was yes, putting Democrats on the defensive once again. Control doesn’t officially begin until January, so the markets are still left to speculate on what kind of actions the GOP will take. [5 ETFs for a Republican House.]
Some of the top asset classes and sectors for November were silver, which rallied on the strength of gold prices (silver prices often tend to rise faster than gold when gold prices are rising), as well as oil and energy. Oil prices remained elevated this month, hovering around $85. [The Benefits of Owning Commodity ETFs.]
Click here to view our full November ETF performance report.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.