Havens? What havens?
If you emerge from this year mostly unscathed, count your blessings, because unless things change in a hurry, 2018 is about to make a dubious mark on history.
This chart pretty much tells the story:
As that illustration shows, 90% of the 70 asset classes tracked by Deutsche Bank and cited in the Wall Street Journal are on track to post negative returns for the year. The previous high was in 1920, when 84% of 37 asset classes were negative.
For some perspective, only 1% of asset classes delivered negative returns during last year’s ferocious bull market.
Do you think the sentiment has changed within 2018 compared to 2017 and prior? Are investors starting to change their attitudes?
Some individuals are highly reliant on the stock market to consistently increase in price every single year. Unfortunately for them, this year has not been kind to them. This is the first year in a decade that the buy the dip strategy hasn’t worked. 90% of assets have negative returns in 2018 and that is usually what you find in a bear market. There’s just one problem: The government hasn’t admitted it yet.
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