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Dec 05 2024

Other Market Undercurrents

  • Dec 5, 2024

The index was not the star of the November surge, as a decisive election result and the possibility of another corporate-tax cut via the GOP sweep turbo charged the S&P 600 (+11%), regional banks (KRE +15%), speculative tech (ARKK +26%), and TSLA (+38%). The rotation and Mag 7 weakness led to a surprisingly small win for the Equal Weighted Average over the Cap Weighted measure.

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About The Author

Phil Segner / Sr. Research Analyst & Co-Portfolio Manager