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The economy picked up the pace in November, as did the stock market.  After getting off to a sluggish start durinig the early part of the month, equities soared following the results of the presidential election.  Each of the indexes listed here reached record highs during the month.  The Russell 2000 posted the largest monthly gain, reaching double digits.  Energy stocks jumped at the end of the month following OPEC's agreement to cut production.  Investors seemed willing to sell bonds and buy stocks as evidenced by the yield on 10-year Treasuries, which jumped 56 basis points by the end of the month and now exceeds their 2015 closing yield.  Gold lost value, closing November at $1,174.80, down $103 from its October closing value of $1,277.80.
 
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Market Month November 2016