The story told by looking underneath the hood of the exceptionally strong market rally in November is a plethora of rare and powerful breadth thrust signals.

All of these point to the same thing: November 2023 has likely been a distinctly positive, lasting inflection point for the stock market.

Should history turn out to be a good guide, we could expect a period in a calm uptrend interspersed by limited pullbacks all the way to the US presidential election in November next year.

Of course, there can never be a guarantee for this to happen, but the weight of the evidence on the bullish side of the ledger is substantial, despite the recession worries on the horizon.