With all the angst over the slow recovery and the high unemployment rate, your clients could be forgiven if they didn’t realize just how well the markets are doing. Stocks are up, hedge funds are up, even bonds are slightly up for the year. And investor confidence, at least according to some surveys, is up.
The S&P 500 has increased 8% for the year, and the Wilshire Total Market index is even better, having surged 10.1% year-to-date. And hedge funds are up 7.8%, according to the Dow Jones Credit Suisse index. Even bonds have posted gains in the midst of all the uncertainty hovering over the economy. As tracked by the Vanguard Total Bond Market Index Fund, fixed-income is up 1.44% for the year.
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