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Stocks Rise Handsomely, But Doubts Persist
The news on Wall Street and in Washington wasn’t so hot, but that didn’t deter stocks from advancing around 2% last week. Both the Dow Jones Industrial Average and the Standard & Poor’s 500 Index are nearly back to breakeven for 2018 so far.
While last week’s news was encouraging, investors have to grapple with a fairly rare instance when both stock and bond prices have declined. True, we’re less than four months into the year, but on calendar year basis, this unhappy confluence of events arises less than once every 20 years.