<img src="/images/nav_ra.png" />

A / A / A

Global Market Wrap-Up - November 30, 2012

Friday, November 30, 2012
Mark Hanna
U.S. stocks finished nearly unchanged to end the month of November, with the S&P 500 gaining 0.02% and the NASDAQ dropping 0.06%. For the month the S&P 500 added 0.3% and the NASDAQ 1.1%.
  • The Institute for Supply Management-Chicago business barometer gaining to 50.4 in November, the first expansion since August. A reading above 50 indicates expansion in the regional economy.
  • The Commerce Department said on Friday consumer spending fell 0.2% after a 0.8% increase in September. When adjusted for inflation, consumer spending fell 0.3%, the first decline since June, after rising 0.4% the prior month.
  • Income was unchanged in October for the first time since April and followed a 0.4% gain in September. The department said private wages and salaries fell, reflecting work interruptions caused by Sandy. The amount of income at the disposal of households after inflation and taxes dipped 0.1% after being flat in September. Despite weak income growth, the saving rate rose to 3.4%from 3.3% the prior month.
Oil added 0.95% to $88.91, gold dropped 0.94% to $1710.90, and silver sunk 3.3% to $33.20.

British shares fell 0.1%, German shares gained 0.1%, while French shares dropped 0.3%.

The Nikkei rose 0.5% while the Shanghai Composite added 0.9%.

Check the background of our investment professionals on FINRA’s BrokerCheck.

Investing in foreign securities involves risks, such as currency fluctuation, political risk, economic changes, and market risks. Precious metals and commodities in general are volatile, speculative, and high-risk investments. As with all investments, an investor should carefully consider his investment objectives and risk tolerance as well as any fees and/or expenses associated with such an investment before investing. International investing may not be suitable for all investors.

Dividend yields change as stock prices change, and companies may change or cancel dividend payments in the future. The fluctuation of foreign currency exchange rates will impact your investment returns. Past performance does not guarantee future returns, investments may increase or decrease in value and you may lose money.

Our investment strategies are based partially on Peter Schiff's personal economic forecasts which may not occur. His views are outside of the mainstream of current economic thought. Investors should carefully consider these facts before implementing our strategy.