FT: “Bull markets need fresh blood to drive higher”

Excerpt from the Financial Times quoting DataTrek’s Nick Colas:

….”The average trailing 20-year compounded annual growth rate over the past century comes to 11 per cent, as highlighted by DataTrek’s Nicholas Colas. But the past two decades have delivered a return of 5.6 per cent, the poorest run since the late 1940s. When adjusted for inflation, the long-term gain is 7 per cent a year, but since 1999 the S&P 500 has delivered a real annual return of 3.3 per cent.

Such a performance is hardly surprising when you consider that US equities have suffered two nasty bear markets, courtesy of the dotcom bust and the housing crash”….

Read the full article here on the Financial Times!

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