Financial markets were whipsawed in November. Initially, momentum in global stock markets stalled out as investors weighed concerns over lofty technology valuations, sparce economic data amid the prolonged government shutdown, and an unclear jobs picture in the United States. On the former, solid earnings results from key players including Nvidia and Palantir failed to keep the market afloat as stocks struggled under the weight of valuation concerns. However, risk assets rebounded towards month-end, with growing conviction for a December rate cut from the Federal Reserve boosting both risk appetite and stock markets alike.