Following the highly anticipated presidential election, the S&P 500 index rallied 5.7 percent in November and closed above 6,032 for the first time.  This advance was driven by the resolution of election uncertainty and the absence of a contested outcome, which prompted the unwinding of negative bets and a wave of fresh capital investments.  Meanwhile, the 10-year U.S. Treasury Note saw its yield decline by 10 basis points (0.10%) during the month, ending at 4.18 percent, as the Federal Reserve implemented its second interest rate cut of the year.  Oil prices remained relatively stable, holding just below $69 per barrel.

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