Last day of the year. U.S. stocks are relatively unchanged on the last trading day of 2019. Stocks may meander into the New Year in the absence of market-moving headlines, capping an impressive year for many asset classes. The S&P 500 Index has climbed 29% year to date, poised for its best year since 2013.
Bonds’ big 2019. Fixed income prices jumped in 2019 in a tough year for yield-seeking investors. The Bloomberg Barclays U.S. Aggregate Bond Index has risen 8.8% year to date, heading for its best year since 2002, amid a global rush into U.S. debt. That buying pressure weighed on the 10-year U.S. Treasury yield, which fell to a three-year low of 1.46% in September before rebounding to 1.88% on Monday.
End of a decade. It’s the last day of the decade, so we thought we’d do our own “decade challenge” for the S&P 500 today on the LPL Research blog. It has been an unprecedented 10 years for financial markets. At the end of 2009, the S&P 500 was nine months into what would be the longest bull market on record. Since then, the benchmark has almost tripled, riding a wave of economic growth, improved earnings, muted inflation, and central bank accommodation.
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