FYI: When people look at financial markets, they see numbers and they hear narratives. But data can hide the past and stories can distort the present.
The Dow gained 8% from 1966-1982. What does this reveal about what it was like to live and invest over this 17-year period? Nothing.
History books will describe the last ten years as “a period of moderate economic growth on the back of accommodative central bank policy.” This tells you very little of what actually happened.
Numbers can help convey what’s going on around you, so with this in mind, let’s look back at the last ten years for U.S. stocks.
It’s hard to believe, but based on a number of different metrics, this has been the best ten-year period for our stock market.
Regards,
Ted
https://theirrelevantinvestor.com/2019/07/03/the-best-ten-years-ever/
