Reuters13 hours ago
The biggest risk for investors since the end of the 2008 financial crisis has been, well, ducking risk. Since risky markets like equities hit bottom in early 2009, the U.S. benchmark S&P 500 stock index has tripled, delivering an annualized total return of 19 percent, roughly 15 percentage points a year above what the Bloomberg Barclays U.S. Aggregate bond index delivered. The S&P 500, for example, now trades at 18 times next year's earnings, according to Thomson Reuters data, versus a long-time average of around 15.