Charts of the Day: On average, how we doing?

While our clients of course like what they’ve seen over the past year, many have expressed concern over the 8+-year chasm separating today with the end of the last bear market. I mean, stocks just can’t go up forever, right? Absolutely, they cannot! However, as we’ve expressed herein, bull markets don’t die of old age, they die of obesity — of, let’s say, excessive living.

No doubt, some of you will relate excessive living with excessive returns. Therefore — while, actually, that’s not my reference (I’m talking overconfidence and, thus, utter stupidity on the part of private industry and public policymakers) — we’ll go ahead and consider present-era performance in an historical context.

As you’ll see below (courtesy of Bespoke Investment Group), while the (S&P 500) returns on a one and five-year basis have been exceptional, the past 2-year results are nothing special, and we’re not even close relative to past 10 and 20-year average returns:

Click to enlarge

Share on linkedin
Share on facebook
Share on twitter
Share on email
Share on pinterest

Recieve Between the Lines Posts to your Inbox

Sign up for lorem ipsum delores sin.

We care about the protection of your data. Read our Privacy Policy.