It’s the Worst Time to Make Money in Markets Since 1972
- Not a single of 8 main asset classes is up at least 5% in 2018
- There was bull market somewhere in 2008, 1974 routs, NDR says
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Market statisticians are falling over each other in 2018 to describe the pain being felt across asset classes. One venerable shop frames it this way: Things haven’t been this bad since Richard Nixon’s presidency.
Ned Davis Research puts markets into eight big asset classes — everything from bonds to U.S. and international stocks to commodities. And not a single one of them is on track to post a return this year of more than 5 percent, a phenomenon last observed in 1972, according to Ed Clissold, a strategist at the firm.