stock market outlook
U.S. equities marched higher - by a smidge - in the stock market today, one day after benchmarks logged fresh records.
The Dow Jones Industrial Average finished at 15,464.07, up 3.15 points, or 0.02%. The Standard & Poor's 500 Index ended at 1,680.19, up 5.17 points, and the Nasdaq closed at 3,600.08, up 21.78 points.
The Move that is Costing Investors Big-Time
An interesting study published in Science recently found that people frequently underestimate their future selves. When asked to score their current preferences, values and personality traits compared with how they felt
10 years ago and how they will feel 10 years in the future, people believe they changed more in the past than they will in the future.
It didn't matter whether the participants were teenagers or middle-aged; people just assume that their present selves are "as good as it gets."Investors have held a similar illusion about the stock market since the financial crisis.
With the barrage of negative headlines and abhorrence toward risk, investors seemed to feel that equities would not improve going forward.This turned out to be a mistaken belief: Take a look at the last four years of U.S. market and gold returns.