This year, as of September 18, the S&P 500, including dividends, had returned 10.4 percent to investors. The DJIA, including dividends, was up 6 percent. And our own Strategic Wealth Advisor portfolios were up 12.6 percent.
This happened even despite the Federal Reserve tapering bond purchases, from $85 billion per month to the current $15 billion. And everyone recognizes that “quantitative easing” will taper to zero after the Fed’s meeting in late October.
The bull market also brushed aside:
- Vladimir P.....