(Time & Patience, that is)
After peaking at the very start of 2022, the US equity market suffered a brutal bear cycle that also hit bonds and other asset classes. But now, almost two years after peaking, stocks are back to all-time highs when accounting for total returns. On a price basis, the S&P 500 is still almost 2% below record highs, but reinvested dividends took the Total Return index to a new high-water mark after the FOMC meeting yesterday. That ended a streak of 488 trading days without a new high in the index.
Source: Bespoke Investment Group
Glenwood Financial Partners
3717 National Drive
Suite 211
Raleigh, NC 27612
Office: (919) 268-4100
Cell: (919) 801-6161
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