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The Markets (as of market close November 30, 2018)
Stocks rebounded last week, posting their best gains since February. The S&P 500 climbed 4.85% last
week, a percentage jump not reached since the end of 2011. Overall, the large-cap indexes and the
tech-heavy Nasdaq outperformed the small caps of the Russell 2000, which rebounded nicely,
nevertheless. As has been the case for most of the year, foreign trade made headlines early last week as
President Trump threatened to impose further sanctions on China in advance of the Group of 20 summit.
However, more positive rhetoric from both the White House and China at the end of the week may have
quelled worries of an all-out trade war, at least for the time being. Comments from Federal Reserve
Chairman Jerome Powell last week implied that the Fed may be rethinking the timing of further interest rate
hikes, although another quarter-of-a-point bump in December is still a strong possibility.
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week, a percentage jump not reached since the end of 2011.