Market Update December 2019
Submitted by Corrigan Financial, Inc on December 15th, 2020Stock prices closed out the year with a surge, leaving investors with exceptionally high returns for the calendar year. Global stock indexes advanced over 3% in December and nearly 9% for the quarter … a welcome rebound for investors who suffered through last year’s decline. U.S. and international stocks ended the calendar year with returns of 31.01% and 21.51%, respectively. Declining yields also gave bond investors solid returns during 2019. The 10-year U.S. Treasury currently yields 1.9% … well below the 2.7% yield to begin the year. It’s rare to see both risky and safe assets with such strong performance, and the extent of these gains hasn’t been seen in over 35 years.