Fed Chair Janet Yellen’s early May pronouncement that “…equity market valuations at this point are generally quite high” caused quite a stir with investors concerned that another market “correction” was just around the corner. Many who believe that stocks are overvalued today point to recent readings of the Cyclically-Adjusted Price to Earnings (CAPE) ratio. This […]
risk
Stocks That Do Better Over Time…
What has done well in the five years since the financial crisis? The chart below shows 5-year average annual returns for an admittedly haphazard selection of assets, styles, sizes, sectors, countries, and index providers. US real estate investment trusts did remarkably well and were followed closely by mid-cap value and small-cap growth stocks. U.S. stocks […]
