In the last month, stock markets around the world have been adjusting expectations. Managing market expectations about the future is important because often it is not a matter of economies being good or bad that drives shares higher. Of greater concern is whether the economy is getting better or worse. The U.S. economy growing at 2% instead […]
The first decade of the 21st century has been called a “Lost Decade” for investors. During that time, the U.S. stock market went through two bear markets before ending up flat for a ten-year period. This month marks the anniversary of a robust rebound. A regression to the mean known as a “Found Decade.” In […]
If we were to take a year-end snapshot of the performance of all types of investments (stocks, bonds, real estate, cash), there would always be an array of winners and losers. Sometimes stocks will outperform bonds by a wide margin, but the opposite has also been true. The dangerous part about looking at such a […]