EDITOR'S NOTE
Take a moment to put your financial worries aside and consider that 2019 is turning out to be a year for investors to score no matter where they put their money.
Stocks? The S&P 500 is up nearly 22%. Gold? Up more than 16%. Oil? It's up 17.8% Treasurys? Up more than 9%.
Only 75 stocks in the S&P 500 were down for the year, as of Wednesday, writes CNBC's Fred Imbert. And 361 were up 10% or more.
This could be the first year that all four asset classes - stocks, bonds, gold and oil - post gains as high as 10% or more, according to LPL Financial.
The proverbial wall of worry that markets climb has had a lot of bricks in 2019, including a trade war with China, a manufacturing recession, an inverted yield curve, negative interest rates, oil field attacks and even some perceived bumbling by the Federal Reserve.
Stocks were little changed yet again on Thursday as investors digested more earnings reports, but they are holding steady near record highs.
Still, it hasn't been a great year for everyone. Renowned stock picker Jeffrey Vinik told CNBC that he is closing his hedge fund because his investment strategy has fallen out of favor. Much of the market has moved to passive strategies using exchange-traded funds and quantitative investing based on data.
Who needs a stock picker when the market is going up for nearly everyone?
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Kamis, 24 Oktober 2019
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