U.S. Stocks Are Having One of the Best Years in Half a Century
- Volatility collapse, ‘Goldilocks’ backdrop behind move
- 2018 unlikely to see repeat of unique conditions: Jefferies
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Rarely in the last half century have the stars been so aligned for U.S. stocks.
The collapse in volatility and mid-year slump in bond yields has helped investors earn the third biggest risk-adjusted return from U.S. equities in 50 years, according to Bloomberg Sharpe ratio calculations. The measure tracks stock returns relative to Treasuries and volatility.