The first major macroeconomic data point of the week is just around the corner: U.S. Retail Sales. The American consumer alone accounts for roughly 70% of U.S. GDP, while the retail sector represents 6.2% of GDP and is the largest private employer in the country. These figures alone explain why this release consistently attracts close […]
As of yesterday’s close, the S&P 500 is up 15.62% year to date. This performance is broadly consistent with the long-standing assumption that, over the long run, the index that best “represents” the market tends to deliver average annual returns of around 10%. This may help explain why, for several weeks now, we have no […]
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