If you were expecting a bit of a pullback to start December after November’s big gains, it didn’t come this week.  While November’s performance for the US and global equities was the equivalent of a good year, December’s MTD returns already would be considered a great month!  Major US equity indices are all up 2% already, and the small-cap Russell 2000 is up close to 4%.  Every sector with the exception of Utilities is also up on the month, but Energy is by far the biggest winner with a gain of over 10%. Even after that gain, though, it is still down nearly 30% on the year. In international markets, we’ve also seen big gains with countries like Brazil, Mexico, Spain, Russia, and the UK all up over 5%.  Lastly, as one might expect given the big gains in equities, bonds are all lower on the month with the most weakness at the long end of the curve.

This week’s Bespoke Report is a bit shorter than normal as we have also started to publish various sections of our annual Bespoke Report Market Outlook.  To view this week’s Bespoke Report as well as our Annual Outlook report as it’s published, take advantage of our 2021 Annual Outlook Special.

This week’s Bespoke Report newsletter is now available for members.

To read the report and access everything else Bespoke’s research platform has to offer, start a two-week free trial to one of our three membership levels.  You won’t be disappointed! 

Print Friendly, PDF & Email