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Beyond The ‘Bull Market In Everything’
US equities suffered their worst loss since October 8 on the last trading day of November.
That sounds dramatic. It wasn't. We've been stuck in a "range-y" grind higher for so long now, that a 0.4% move to the downside counts as "large".
For the month, the S&P logged a 3.4% gain, the best since June, when stocks rebounded off the May swoon as market participants began to fully price in Fed cuts.
The dollar rose for a ninth session on Friday (the longest streak in nearly four years) and
