Monthly Market Strategy Update – November 2024

In this month's update, the team discusses the significant impact of the recent US election on the markets, highlighting a decisive result that has been well-received by equity markets. They delve into the performance of various sectors, with a particular focus on the energy and financial sectors, and explore the broader implications of fiscal policies, deregulation, and tariffs under the new administration. 

Key topics include:

• The strong performance of the S&P 500 post-election and the market's reaction to a clear electoral outcome
• The potential benefits of proposed corporate tax cuts and their impact on smaller, domestically focused companies
• The influence of energy policies on economic growth and inflation
• The outlook for interest rates and inflation over the next 12 months
• The importance of a diversified investment approach in the current market environment