According to Yardeni Research, the S&P 500 (^GSPC) has averaged a 1% gain in November and nearly 1.3% in December, and has posted gains in about two out of three of these two-month periods over the past century. From November to April, the index has averaged a net gain of more than 5%, with nearly 1.4% in its final month. The article argues this year may be an exception: the Fed kept its Fed Funds Rate target range at 3.75% to 4%, while CME FedWatch data shows an 85% chance of a quarter-point rate hike in early December. The author sees short-term rate swings as noise and says investors should focus on high-quality companies for long-term results, though the S&P 500's valuation at 23 times trailing earnings leaves it vulnerable to setbacks.
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S&P 500Fedinterest ratesQQQSPY
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Related tickers and likely impact
QQQ
• NeutralInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 690.49 |
| Change that session | -3.47% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 755.71 |
| Change that session | -1.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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