What investors often fail to consider is that outperformance may simply be a remnant of the past, possibly only the result of the economic environment that coincided with it.
The U.S. economy has mostly met the central bank’s goals of full employment and stable prices, and may get further support if President Donald Trump delivers promised fiscal stimulus.
Equities have risen so much from the depths of the financial crisis that their value is blotting out everything else to an extent not seen since the dot-com bubble.