The small-cap bounce

US stocks had a phenomenal run in November, attributed to the Trump win.

Small cap value stocks ruled big time with a 13% gain.




In the spirit of sensationalism, a 13% monthly return is 333% annualized!




Source: PPCA Inc.


Gold Pummeled 

Diversifying outside of US stocks was not smart, except for oil in the last few days of the month because OPEC seemed to reach a curtailment agreement.

Gold got hammered, losing 8% (-63% annualized).

A strengthening dollar response to the Trump win stripped off all the luster.






Photo Credit: Sheila Sund via Flickr Creative Commons



Author profile

Ron Surz
Ron Surz
PPCA Inc. is a San Clemente, CA-based registered investment adviser that provides investment management for those who are saving for retirement. I am Ronald J. Surz, president of PPCA Inc. and its Target Date Solutions division.

I am an investment industry and pension consulting veteran, having started my career at former investment bank A.G. Becker, based in Chicago. I earned my MBA in Finance at the University of Chicago and an MS in Applied Mathematics at the University of Illinois.

My investment research has been published in industry publications including The Journal of Wealth Management, The Journal of Investing, Journal of Portfolio Management, Pensions & Investments, Senior Consultant, and the IMCA Monitor.