Has the bull market runs its course? – June 2019
During May the S&P 500 declined 6.35% on a total return basis, or after adding back in all dividends, and the 10-year U.S. Treasury note yield fell from approximately 2.5% to less than 2.1%, after yielding over 3.25% during November. This collapse in bond yields has occurred due to the beliefs that corporate profits have…