Eyes and ears will be waiting for news to come out of President Trump and President Xi Jinping’s planned dinner on Saturday evening at the G-20 Summit in Argentina. Sentiment that the two will be meeting on trade has been welcome news to markets; however Trump tempered this by planning on moving forward with tariffs on $267 billion more goods. In addition to trade buoying markets, a dovish speech by Fed Chair Jerome Powell helped lift asset prices as he explained seeing the interest rate level is just below neutral. Following last weeks slump, oil closed the month of November with its worst showing in a decade experiencing a loss greater than -20%.

Domestic equities rallied strongly during the final week of November with the U.S. large company index having its highest weekly gain since 2011. Other risk assets followed suit on the international developed and emerging market front. Microsoft had its best weekly gain in several years and now holds the crown of the world’s most valuable company over Apple. Marriott unfortunately released news that up to 500 million guests information may have been compromised from the Starwood Reservation system, Starwood being a subsidiary acquired in 2016. Treasury Yields declined on the far end, flattening the overall yield curve and boosting fixed income investments during the week.

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