The Q Review: November 2024
Welcome to the Q Review, a monthly report from Qtrade Direct Investing®. Each month, we'll share great information about what's been happening in the markets, what our Qtraders are doing, and what's new with us!
November proved to be an eventful month for the markets, with developments that shifted investor sentiment globally:
Donald Trump elected as U.S. President
Donald Trump's victory brought optimism to the markets, with $20 billion flowing into U.S. equity funds in one day. Investors are betting on Trump's proposed tax cuts and deregulatory measures to enhance corporate profits. This surge in market activity sent major indexes soaring to record highs, with the S&P 500 and Dow enjoying their best performance since November last year.
Federal Reserve rate cut
The Federal Reserve continued supporting the economy by cutting the federal funds rate by 25 basis points, adjusting it to 4.5%-4.75%. Lower borrowing costs are expected to boost economic activity and support asset prices in the near term.
Bitcoin's imminent milestone
Bitcoin is nearing the $100,000 mark, driven by expectations of favourable regulatory policies under Trump's administration. The promise of reduced restrictions on cryptocurrencies has reignited investor enthusiasm for digital assets.
Most bought and sold securities in November on Qtrade Direct Investing
Most purchased securities on Qtrade Direct Investing – November 2024
1. BCE INC
2. ISHARES CORE EQUITIES ETF PORTFOLIO
3. ISHARES PREMIUM MONEY MARKET ETF
4. NVIDIA CORP
5. TELUS CORP
6. VANGUARD S&P 500 INDEX ETF
7. ISHARES CORE GROWTH ETF PORTFOLIO
8. TORONTO DOMINION BANK
9. MICROSTRATEGY INC
10. GLOBAL X S&P 500 INDEX ETF
Most sold securities on Qtrade Direct Investing – November 2024
1. TESLA INC
2. AIR CANADA VTG & VAR SHARES
3. BCE INC
4. NVIDIA CORP
5. SHOPIFY INC
6. BANK OF NOVA SCOTIA
7. ENBRIDGE INC
8. ISHARES PREMIUM MONEY MARKET ETF
9. BNS INVESTMENT SAVINGS ACCOUNT
10. TELUS CORP
The latest from Qtrade
Here are two must-read articles to deepen your financial knowledge and enhance your growth as an investor:
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November was a reminder of how quickly markets can respond to political shifts and technological advancements. For self-directed investors, staying informed is critical to navigating volatility and capitalizing on emerging opportunities.
Looking to make smarter investing decisions with cutting-edge tools? Open a Qtrade Direct Investing account today to explore our innovative features. With personalized insights at your fingertips, you're empowered to take your investments to the next level.
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The information contained in this article was obtained from sources believed to be reliable; however, we cannot guarantee that it is accurate or complete. This material is for informational and educational purposes, and it is not intended to provide specific advice including, without limitation, investment, financial, tax or similar matters.