Don’t Time a Correction. The S&P 500 rose 19.4% in 2017 excluding dividends and is already up over 4% in 2018. It’s not a bubble or a sugar high. Our capitalized profits model, says the broad U.S. stock market, is, and was, undervalued.
Bond Bull Market is Over. Bonds have been in a “bull market” for the past thirty-seven years…But the bond market has become the “knower of all things” – it’s never wrong according to the bulls. Low yields are not only justified, they tell us the future.
2017 was Weird! Although 2017 was very volatile news-wise, what with daily Trump tweets, North Korean missile tests and a steady stream of terrorist attacks around the world, U.S. stock market volatility was its lowest in fifty years.
One word that could describe Donald Trump’s unexpected ascendancy to the presidency is – “revolt.” Revolt against the “establishment.” Revolt against the “status quo”. Whether you agree with these developments or not, the U.S. hasn’t seen economic policy changes like this in a long time. The forces that support markets and entrepreneurship over government control are reasserting themselves.
In a year of uncertainty that included a recalcitrant North Korea, Britain’s continued exit from the European Union, multiple terrorist attacks, and global populist uprisings, to say 2017 was a turbulent year is a bit of an understatement—except, that is, in stock markets.
Six Words and Terms That are Basically “Fake News”. Read on to find out all six.