Grade: Jury still out
“Stocks are comfortably up in double digits this year, as the S&P 500 Index has climbed 18.5%. The end of the second quarter marks the fourth time that the index has been trading in the 2,950 range over the past 18 months (after previously reaching this level in January 2018, September 2018 and May 2019). That means stocks really haven’t gone anywhere in a year-and-a-half.”