Climbing a Wall of Worries to New Highs
Synchronized global growth, which began earlier this year, carried into the third quarter. Despite the devastating effects of hurricanes Harvey and Irma, the U.S. economy remained near full employment and earnings growth was positive. Nearly every major index we follow, whether representing stocks, bonds or commodities, recorded a positive return. This story is one that benefits diversified portfolios, such as those at FDP, as they are well positioned to take advantage of broad advances.
Domestically, year to date returns were very good. All investments in U.S. stock indexes have benefited from rising Read On…..