In 2024, the US stock market has shown strong performance and repeatedly hit new highs, with all three major indices reaching historical highs in October.

For the remaining two months of 2024, what will be the future trend of the US stock market? CFRA Research statistics found that since 1945, November and December have been among the best-performing months for the US stock market, with average monthly gains of 1.3% and 1.6% respectively.

Looking ahead to November, global financial markets will see a series of key heavyweight events such as non-farm payrolls, the US presidential election, the Federal Reserve interest rate decision, CPI, and the latest earnings reports from technology giants, leading to significant market volatility.

Specifically:

On November 1st (October 31st after the market close in the US), the technology giant $Apple (AAPL.US)$Please use your Futubull account to access the feature.$Amazon (AMZN.US)$ Will announce the latest performance;

On November 2, 'Stock God' Buffett's $Berkshire Hathaway-A (BRK.A.US)$ / $Berkshire Hathaway-B (BRK.B.US)$ latest performance will be revealed;

On November 5, the United States will hold the 2024 presidential election, and the global financial markets are all being 'nervous' about the upcoming election;

On November 8, the Federal Reserve will announce the interest rate decision, followed by Powell's monetary policy press conference.

According to the speeches of Federal Reserve officials in the past six weeks, economists generally expect the Fed to cut interest rates by 25 basis points, adjusting the interest rate range to 4.5%-4.75%.

On November 15, Federal Reserve Chairman Powell made another speech;

On November 21 (after hours on November 20, Eastern Time), $NVIDIA (NVDA.US)$ Release the latest performance;

On November 28, the Federal Reserve will release the latest minutes of the monetary policy meeting;

In addition, a series of heavyweight economic data will also be gradually disclosed, including non-farm payrolls, ISM Manufacturing PMI, CPI, PPI, PCE, etc.

It is worth noting that starting from November 3, North America will implement daylight saving time. The corresponding Beijing time for the regular trading hours of US stocks will change to 22:30 to 5:00 the next morning. US stocks will be closed for Thanksgiving on November 28, and will close early on November 29 at 02:00 Beijing time on the 30th.

Editor/Somer