A Fifth Year Of Living Dangerously

Despite all the investment perils of the past four years, the S&P 500 rose nearly 50% since the decade began. At this point, investors seem carefree, which worries us. We’re monitoring four clear and present dangers that investors seem to be shrugging off: a more hawkish Fed than investors expect, paralyzing partisanship in Congress, the Middle East war, and China’s aggressive ambitions concerning Taiwan. … Also: Joe reports on Standard & Poor’s annual reclassification of companies into indexes. Now all of the MegaCap-8 stocks reside again in the Pure Growth index after seven had been ousted a year earlier.