Summary
- US small-cap value, international value, international core, US large-cap value, midcaps, European stocks, and even REITs have all beaten the S&P 500.
- From the beginning of 2000 to the peak of the next market cycle, in mid-July of 2007, the S&P 500 total return averaged just 2.4% annually.
- With some softer economic readings last week, retail sales came in weak, existing home sales disappointed, it’s tempting to layer an economic slowdown narrative on top of the AI fear trade.
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The Wall Street Journal published an article last week about the concentration of the S&P 500 and why you shouldn’t worry about it. The gist of the article is that the index has been more
