Market Quick Stats – November 2021

November’s S&P 500 total return of -0.69%, was a tad negative. However, the 30 stock Dow Jones Industrial Index fell -3.5% driven by declines in 25 of the 30 companies in the index. Looking toward December, fears of a December 15th US debt ceiling limit will likely resurface. And, markets will be focused on Chairman Jay Powell and the Fed’s latest monetary decisions in response to ongoing inflationary concerns.

The chart below highlights recent prices, total returns (total return always includes dividends), dividend yields, and trailing and forward-looking P/E’s for several major indices.

 

Market
Index

Closing
Price 12/31/2020

Closing
Price 11/30/2021

YTD
Tot. Return
11/30/2021

Yield
%

Trailing
Twelve Mo
P/E

Forward Estimate P/E

S&P 500

3,756 4,567 22.7% 1.3%

27.1x

21.6x

DJIA 30,606 34,483 14.0% 1.8% 22.5x

18.7x

S&P US Aggregate Bond Index

-1.1%

1.6%

*Statistics on S&P 500 index, DJIA index, and S&P US Aggregate Bond index from S&P Dow Jones Indices.

 

 

Disclaimer
This material is provided by Schmitt Wealth Advisers for informational purposes only.  It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product.  Opinions expressed by Schmitt Wealth Advisers are based on economic or market conditions at the time this material was written.  Economies and markets fluctuate.  Actual economic or market events may turn out differently than anticipated.  Facts presented have been obtained from publicly available sources (unless otherwise noted) and are believed to be reliable.  Schmitt Wealth Advisers, however, cannot guarantee the accuracy or completeness of such information.  Past performance may not be indicative of future results.

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