The stock market, as measured by the S&P 500, gained nearly 30% this year. It was truly an incredible run. The last time we saw this sort of return was 2013, when the market ended the year up 29.6%. Here’s a bar chart of S&P 500 returns over the last 30 years so you can see how 2019 stacks up to past performances. However you look at it, this has been quite a year. But you might be surprised to learn that this wonderful year for the stock market has been “hated” by investors… You see, typically when we have… Read More
The stock market, as measured by the S&P 500, gained nearly 30% this year. It was truly an incredible run. The last time we saw this sort of return was 2013, when the market ended the year up 29.6%. Here’s a bar chart of S&P 500 returns over the last 30 years so you can see how 2019 stacks up to past performances. However you look at it, this has been quite a year. But you might be surprised to learn that this wonderful year for the stock market has been “hated” by investors… You see, typically when we have a good month or year investors pour more money into the stock market. For instance, in 2017 stocks returned a superb 19%. Investors, not wanting to miss out on future returns, poured $54.2 billion into stocks in the first month of 2018. That’s the largest monthly inflow in years. The same holds true when the market is falling… You might recall that this time last year the S&P 500 was in freefall. It fell as much as 15% in the month of December alone. Investors were scared. They yanked $57.4 billion from equities during that last month of 2018. In… Read More