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Weekly Market Update: November 4, 2024
11/04/24
Market Volatility Increases as Election Day Approaches
US equity markets ended the week lower for the second consecutive week as investors were hit with a flurry of catalysts including mixed earnings reports from mega cap tech stocks, third quarter GDP, PCE inflation, and key employment data. Markets have been rife with uncertainty of late, with a wide range of asset classes experiencing heightened volatility in the lead up to the election. The VIX, a measure of equity market volatility, ended the week at 23 – almost double its level at the start of the year. The MOVE Index, a measure of interest rate volatility, sits at its highest levels since the regional banking crisis in early 2023.
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This article contains general information only. Sunflower Bank, N.A. is not, by means of this article, rendering accounting, financial, investment, legal, tax, or other professional advice or services. It is not meant as a substitute for such professional advice or services. Before making any decisions related to these matters, you should consult a qualified professional advisor. Investment and insurance products are not FDIC-insured, are not a deposit or other obligation of, or guaranteed by the bank or an affiliate of the bank, are not insured by any federal government agency and are subject to investment risks, including possible loss of the principal amount invested.