One of the most persistent behavioral biases in investing is the belief that market highs represent increased risk that should be avoided through timing decisions.  The question “Should I invest now if markets are at all-time highs?” is asked repeatedly across market cycles. However, historical...

• Current Market State — How investors are behaving today.

• Market Trend — Whet...

Stocks trounce bonds with double-digit gains

MAIN POINTS

Stock markets around the world rallied strongly in 2019. Returns likely to be more normal in 2020.

Bonds rallied for the first three quarters due to global and trade uncertainty, but dropped in Q4.

Election uncertianty and high optimism and risks ...