, Columnist
The Bull Stock Market Needs to Give Credit to the Calendar
Returns this year look stellar, but only because equities collapsed the last month of 2018.
What’s it have left?
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Major U.S. stock markets, depending on which index you prefer, are up anywhere from 21% to 33% this year. Those are big gains, making this one of the best years ever. The results should include ripple effects for real estate and retail, as giant incentive fees, profit sharing and big bonuses work through the economy, benefiting everyone.
Well, not exactly.