These Were The Best And Worst Performing Assets Of November And YTD

November was a month of two halves DB's Henry Allen writes, with risk assets initially selling off before a sharp recovery, which ultimately saw the S&P 500 (+0.2% in total return terms) post a 7th consecutive monthly gain for the first time since 2021. The main driver of that - as traders recall vividly - was the Fed, as investors priced out a December rate cut, before the market selloff and some weaker data meant it got priced back in again.