Читать книгу Unloved Bull Markets - Craig Callahan - Страница 19

It might have been alright to miss out on the bull market in domestic equities if similar returns could have been earned in other types of assets, but that is not the case. Domestic equities were clearly the sweet spot of investing during the multiyear bull market. Figure 1.6 shows cumulative returns for 2009 through 2019 for the S&P 1500 Index, Gold, the Commodities Research Board (CRB) Index, three bond indexes, and the Consumer Price Index. Although the nonstock assets beat inflation, they trailed equities severely. The stock market was the place to be and missing out on the bull market was a big deal.

Figure 1.6 Cumulative Return 2009–2019