Market Morsels

| July 22, 2019
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The stock market has produced a total return of +14.7% per year over the last 10 years through 6/30/19. The worst quarter over the last decade was a drop of 13.9% in the 3rd quarter of 2011. The S&P 500 was used as the stock measurement for this statistic (source: BTN Research).

The bond market has produced a total return of +3.9% per year over the last 10 years through 6/30/19. The worst quarter over the last decade was a drop of 3.0% in the 4th quarter of 2016. The Bloomberg Barclays Aggregate bond index, calculated using 6,000 publicly traded government and corporate bonds with an average maturity of 5 years, was used as the bond measurement (source: BTN Research).

A record $806 billion of stock buybacks took place in the USA in 2018. Another $205 billion of buybacks occurred in the 1st quarter 2019 (source: S&P Dow Jones).

As of last Friday (7/19/19), the Fed funds future market was priced to reflect a 100% chance that the Fed will reduce short-term interest rates following its 2-day meeting on July 30-31 (source: CME Group).

California began “CalSavers” on 7/01/19, a state-sponsored retirement program for workers within the state that do not have access to an employer-sponsored retirement plan. The program is mandatory for all employers who do not offer a retirement plan and have at least 5 employees and will be phased in over the next 3 years. Self-employed Californians can enroll beginning in September 2019. All participants are limited to contributions up to standard IRA maximums and are provided 5 investment options (source: CalSavers).

58% of 5,000 Americans surveyed currently participate in an employer-sponsored retirement plan or they have begun making pre-tax contributions to an IRA (source: Center for Fin’l Services Innovation).

Over a 2-month stretch between 6/02/68 and 7/30/68, St. Louis Cardinal pitcher Bob Gibson started 12 games, pitched 12 complete games, and won all 12 games (source: Major League Baseball).

Stay Tuned, Disciplined & Patient! {TJM}

The Investor & Character Equation (ICE) | S + R = O

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