FYI: Even after a roaring first half of 2019, stocks still look like the best asset class around.
The S&P 500 index has returned 20% this year, after declining 1% in the past week. The index finished at 2976, below the record set last Monday of 3014.
“The ideal environment for stocks is low economic growth, low inflation, and low interest rates, and we have all three now,” says Charles Lieberman, chief investment officer at Advisors Capital Management in Ridgewood, N.J.
The S&P 500 isn’t cheap, at 18 times projected earnings and a 1.9% dividend yield, but the 10-year economic expansion shows few signs of slackening and bonds offer little competition for stocks, with the 10-year Treasury note yielding 2.05%.
Regards,
Ted
https://www.barrons.com/articles/why-stocks-are-still-the-best-investment-even-after-a-10-year-run-51563581942?mod=djem_b_Weekly Feed for Barrons Magazine
