November 2024: Election, Fed continues cuts, AI model advances
November 2024 Signal Report
Published: December 01, 2024 Period: November 1-30, 2024
Executive Summary
Election, Fed continues cuts, AI model advances. 5 major events shaped the month.
Key Signals This Month
Economic Indicators
| Signal | Value | MoM Change | Trend |
|---|---|---|---|
| Fed Funds Rate | 4.58% | 0.00 | → |
| Unemployment | 4.2% | +0.0 | → |
| CPI (YoY) | 2.9% | +0.1 | ↑ |
The Federal Reserve maintained rates at 4.58%. Unemployment held steady at 4.2%.
Market Performance
| Index | Close | MoM Change | YTD |
|---|---|---|---|
| S&P 500 | 6,032 | +3.1% | +5.0% |
| NASDAQ | 19,604 | +3.7% | +6.0% |
| VIX | 16.50 | +1.5 | Moderate |
Markets rallied 3.1% during November.
Technology Signals
AI adoption continued across enterprise sectors.
What Happened
US Election: Trump wins presidency
2024-11-05 — Key politics event that impacted vix, sp500.
Post-election rally: S&P 500 +2.5%
2024-11-06 — Key market event that impacted sp500.
FOMC cuts rates 25bp to 4.50-4.75%
2024-11-07 — Key fed event that impacted fed_funds_rate.
Nvidia Q3 earnings: $35B revenue
2024-11-20 — Key earnings event that impacted market, ai_trends.
Anthropic releases Claude 3.5 Sonnet upgrade
2024-11-22 — Key ai event that impacted ai_search_interest.
What It Means
The combination of Election, Fed continues cuts, AI model advances suggests continued volatility in technology spending and infrastructure decisions.
What to Watch Next Month
- Federal Reserve policy signals
- AI infrastructure spending trends
- Cybersecurity incident rates
Methodology
Sources: FRED (Federal Reserve Economic Data), Yahoo Finance, Google Trends, CISA KEV Data as of: 2026-02-06 Full methodology: /methodology/signals/
This report uses historical data that existed on the dates covered. All events and data points are verifiable.