The latest:That's not terrible, as the average annual gain for the index is 7.4% going back to 1929.
That was before a series of strong reports on the economy and slightly high readings on inflation sent yields on 10-year Treasury notes up by nearly 1 percentage point.Right now, it seems likely the surge in stocks earlier this year will be revealed as one of the periodic rallies bear markets are known for — rather than the start of a bull run.Share on linkedin