November 2023 Financial Market Review

November Market Review 2023
"Interest rates are to asset prices what gravity is to the apple. When there are low-interest rates, there is a very low gravitational pull on asset prices." - Warren Buffett

PHOENIX - Arizonar -- Trajan Wealth's chief investment officer, Udayan Mitra, CFA, analyzes and discusses November's financial market trend to keep readers informed. Read the full November 2023 Market Review here.

Highlights From the November 2023 Market Review:
  • Markets rebounded sharply in November, with stocks and bonds posting extraordinarily high returns for the month.
  • The Personal Consumption Expenditure deflator ("PCE") fell sharply in the third quarter of 2023, the most recent reading coming in at 3.0%, a level trending towards the Fed's 2% target.
  • The overall US economy is being propelled by stout consumers, continued business spending on software, data, analytics, and other digital services – especially Artificial Intelligence, and an ongoing boom in manufacturing facilities investment.
  • Growing indebtedness will lead to investors demanding higher yields as governments and corporations keep meeting "funding gaps" through debt issuance. We feel higher debt servicing costs will impact business earnings in the aggregate.
  • We continue to advocate an elevated level of diversification across asset classes and develop specific asset allocation parameters that cater to individual risk-tolerance thresholds.

Read our November 2023 Financial Market Review in full. Then dive deeper into our financial articles about market happenings, retirement planning, and more.

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About Trajan Wealth

Trajan Wealth LLC was founded in 2012 by CEO Jeff Junior. Before his 20+ years in the financial services profession, Jeff Junior was a United States Marine Corps member. Jeff continues to serve his clients and employees with the utmost service, respect, and attention to detail. The firm has multiple locations in Arizona, Texas, Georgia, Colorado, Florida, and Utah.

Udayan Mitra, CFA, came to Trajan Wealth with over two decades of experience in the investment management industry. He has held positions as a proprietary trader, senior portfolio manager, Investment Director, and CIO across institutional investment management firms, pension funds, and several large, institutional-class family offices. Udayan earned a Bachelor of Science in Economics from the London School of Economics and an MBA in Finance from Rice University.

For more information on all the different services offered or to schedule a complimentary consultation, visit or call 1 (800) 838-3079.

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* Advisory services offered through Trajan® Wealth L.L.C., an SEC registered investment advisor. Legal services are offered through ​Trajan® Estate, L.L.C. ​in Arizona and Utah, and independent law firms in other states.

Tami Hampshire

Source: Trajan Wealth

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