S&P 500 Has Best Annual Gain Since 2003
S&P 500 Has Best Annual Gain Since 2003 (Bloomberg)
The S&P 500 Index has an annual gain of 23.6% this year, the most since 2003’s 26.4% gain. The S&P 500 closed up 0.1% at 1762.15 today. “The most bullish thing a market can do is go up, and that’s what it’s been doing,” said Bruce Bittles, chief investment strategist at RW Baird & Co. “With Janet Yellen coming on stream and the latest jobs data that was a disappointment, that suggests that the Fed will continue to ease and print money until at least March and probably beyond.”
Do you think a big annual gain is a sign of a strengthening economy, or a sign that the year started really poorly? Talk it out in the comments.