FYI: As Americans gather to give thanks this week, those fortunate enough to have wealth to invest in the stock market should be especially grateful.
Despite recession worries, trade tiffs, and rancorous politics, investors could hardly help but show hefty gains. Through Thursday, the SPDR S&P 500 exchange-traded fund (ticker: SPY) had returned 25.88% since the beginning of the year, Morningstar calculates. With big tech stocks leading the way, the Invesco QQQ Trust (QQQ), which tracks the 100 biggest Nasdaq stocks, showed an even larger 31.54% return.
The SPDR Dow Jones Industrial Average ETF (DIA) trailed a bit with a 21.41% return. Investors in U.S. equities were up $6.2 trillion in 2019, according to Wilshire Associates’ calculations. And diversification, always a prudent course, didn’t detract much in terms of performance. A portfolio of 60% SPY and 40% iShares Core U.S. Aggregate Bond ETF (AGG) would have returned 18.91% through Thursday.
Regards,
Ted
https://www.barrons.com/articles/the-record-high-stock-market-still-has-room-to-run-heres-why-51574468650?mod=hp_DAY_1
