US equities rally on the back of Trump’s victory in November
US equities rally on the back of Trump’s victory in November
09 Dec 2024
The US stock market rallied in November thanks to “Trump trades” betting on protectionist policies, deregulation and tax cuts which provided a favourable short-term outlook for US equities.
Month in brief
- The US stock market enjoyed its strongest month in a year during November
- The Bank of England and Federal Reserve both voted to cut interest rates early in the month
- UK Chancellor Rachel Reeves announced plans for “pension megafunds” in her Mansion
House speech - UK DB pension scheme funding was broadly flat over November
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