U.S. equity performance relative to other equity markets has been unusually strong for the extended period since 2009. As is typically the case, investors have developed a battery of reasons why the lofty valuations of U.S.
Stocks and bonds delivered spectacular performance in the first six months of 2019. The S&P index of large-cap U.S. stocks returned 18.5% for the year through June 30, while the Barclays Aggregate index of investment-grade bonds delivered an equally impressive 6.1% return.
Over the past 40 years, creating and maintaining financial security has become more of a personal endeavor. Despite record aggregate levels of U.S. wealth, large portions of the population appear quite vulnerable.