Market price volatility picked up in November with concerns focused on Fed policy and stock-market expectations for additional AI-generated profits. The U.S. stock market eked out a gain for November thanks to a modest advance on the last trading day. International stocks posted a late rally as well but sufficient only to break even for the month. Bond yields moved modestly lower in November, enough to add price appreciation to interest income and a total return surpassing that of stocks. The end of the longest federal government shutdown proved of little immediate benefit to financial markets.