The stock market is struggling today. But its performance in recent months–including October–is remarkable considering the high price of oil, the housing slump, and prospects for a consumer retrenchment. For instance, over the past 12 months the S&P 500 has returned 14.56% while its long-term average annual return since 1926 is 10.4%.
- Stocks up again
*Growth up again–in all categories
*Emerging markets on fire!
So far, equity investors have been right about the economy, too.
Here are the numbers, courtesy of Aronson+Johnson+Ortiz: Download file