This really isn't a surprise to any one, but it is always a discussion starting chart. Since April, the dividend yield on stocks is higher than that on the 10-year treasury. The S&P 500 yield is currently at 2.2% vs 0.5% on the bond.
With the holiday season approaching we wanted to give our blog viewers and Twitter followers (who do not already subscribe) an opportunity to sign up for our Reminscences newsletter at a discount. Our December issue is around the corner, set to be published on Wednesday the 28th.
New subscribers can take advantage of a one-year subscription to Reminiscenes for $180 or 25% off the regular price of $225.
There are nine days since October 2011 where the S&P 500 has lost more than 2%. Looking at the next trading day: the market has gained an average of 0.5% from noon to close and was positive in 78% of the previous instances.
The ETF market continued to consolidate for the third consecutive month. Fourteen new funds were launched while 30 were delisted, bringing the number of available funds to 1,425. Russell Investments terminated all of its passively managed funds and Global X Management closed funds that failed to attract assets. Total ETF assets fell 1% to $1.29 trillion.