Market Summary Week Ending 26/11/2023

All things considered, it was a quiet week in the markets. Equities generally advanced their positions last week, while bond yields declined as expectations of central banks cutting rates next year continues to move closer.

Americans may have been thankful for 60/40 portfolios being up on average 12% this year to date.

The so called “magnificent 7” is up 70% this year and accounts for 94% of the S&P 500 year-to-date returns. The FTSE remained relatively flat off the back of the Chancellor’s Autumn Statement.

Please note for this weekly summary, we focus on the major indices within the financial markets such as the FTSE 100 (UK) and the Dow Jones and NASDAQ (US) to provide a factual account of what has happened within a certain index. Performance figures quoted are factual from the previous week’s trading and this summary is for commentary purposes only.

The performance of these indices is not a representation of an individual fund or portfolio. Past performance is no guarantee of future returns. The value of your investment can go down as well as up. You could get back less than you originally invested.