Looking Back is 20/20…22 While both stocks and bonds have been recovering since the trough in October of last year, it is the performance of the US stock market that warrants more discussion, in particular: 1) market sentiment and 2) market concentration. Sentiment Market sentiment is the dominant attitude of investors, and it can be…
2023 Is Here Already, What’s On The Horizon? This question posed is profoundly difficult, if not impossible for even the smartest and most informed to answer with great accuracy. Consider the forecasts from market pundits who one year ago all falsely prophesied stock market gains for 2022. Nobody foresaw inflation running up to double digits,…
Poor 2020. You get no respect. You were ushered in with great fanfare, but became a target of contempt and marked as a year that will live in infamy.
It wasn’t all bad, though. You did deliver for investors. Who would have thought, with everything that transpired, that the S&P 500 would finish the year up 18% on a total return basis! And the positive YTD returns were achieved in the final two months of the year!