
Can Shifts in the Yield Curve be to Blame?
The 2017 stock market delivered yet again with all the general benchmarks posting stunning gains (S&P 19.4%; DJIA 25.1%; NASDAQ 28.2%). Including dividends, it was the ninth consecutive year of positive returns.
The strong 2017 stock market was fairly broad-based with only two of the eleven S&P sectors (Energy and Telecom) declining for the year while six gained 18% or more.