Weekly Market Recap – November 27, 2023

As Americans gathered around the Thanksgiving table last week and recited what they were thankful for, market performance may have made the list, with 60/40 portfolios up 12% this year after a challenging 2022. The path hasn’t been
smooth, with a regional banking crisis, war in the Middle East and hawkish Fed policy all challenging markets. However, good news outweighed the bad news, and disinflation, pandemic savings cushions, supported housing prices and new industrial fiscal policies from the Inflation Reduction Act all contributed to economic resilience that surprised
many expecting a recession

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