The first half of 2017 was a fantastic period for U.S. stocks, which are key to growth of capital in broadly diversified portfolios invested for the long run. Stocks posted a 2.9% gain in the second quarter of 2017 following a 6.1% gain in the first quarter. This followed a return of 3.8% in the fourth quarter of 2016, 3.9% in the third quarter of 2016, and 2.5% in the quarter before that.
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Quarter Ends Well Despite Trade War, Inverted Yield Curve & Political Crisis
Despite frightful financial news, the third quarter of 2019 ended with American stocks just 1.5% off its all-time high on July 26th.
Over the last 12 months, which includes a -19.8% bear market loss last Christmas, the Standard & Poor's returned +2.1% in value.
Year to date, the S&P 500 returned 19%, despite rising fears over the: • U.S. political crisis • trade confrontation with China • inversion of the yield curve • growing chorus of recession predictions
U.S. political crisis
trade confrontation with China
inversion of the yield curve
growing chorus of recession predictions
No one can predict financial economic conditions, but we do know consumer income and spending are about as strong as ever in post-War American history.
Despite the increasingly grim news about financial economic conditions, the political crisis, and an expected slowdown in the rate of GDP growth for the next decade, the Standard & Poor's 500 stock index ended the quarter well.
Fairly valued relative to its long-term history, the S&P 500 closed on Friday at 2,961.79.
This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial or tax advice without consulting a professional about your personal situation. Tax laws are subject to change. Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. No one can predict the future of the stock market or any investment, and past performance is never a guarantee of your future results.
This article was written by a professional financial journalist for Advisor Products and is not intended as legal or investment advice.