Ned’s Notes: Is Hindsight 2020?

Ned’s Notes: Is Hindsight 2020?

Don’t Mind the Recent Past

But always watch the Fed

Although most barely noticed, 2019 was a remarkably good year for US stocks. The S&P 500, a proxy for the US stock market, returned 31.5%, including dividends, about triple its long-term average. That was better than all other major asset classes, including bonds, real estate, foreign stocks and gold….

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