Market Summary – Q4 2013
The unusually strong performance of US stocks in 2013 was a welcome surprise for investors who are following a simple buy-and-hold strategy and a source of exasperation for many professionals caught flatfooted by the steady rise in share prices. The S&P 500 rose more than 32% in 2013, its best year since 1997. The broader Russell 3000 index (which includes both large and small company stocks) did even better, gaining 33.55% in 2013. This chart also reminds us there was a steady chorus of worrying media headlines throughout the year. We entered the final three months of 2013 with the US...
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