January 2020 Market Commentary: 2010's and 2020
Over the last decade, 2010 through 2019, stocks and bonds beat expectations. Staying invested produced solid long term gains. Any investor attempting to time the market based on intuition or "gut instinct' lost significant opportunity. U.S. stocks dominated. Monetary policy drove low interest rates, which allowed banks to rebuild balance sheets after the Great Recession, businesses to borrow cheaply, and homeowners to refinance or first-time buyers to enter the housing market..
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