But with the bull market approaching its seventh anniversary, investors and traders have had plenty of other reasons to dump stocks: plunging oil prices, which are squeezing energy-company profits and suggest that the global economy may be weaker than the consensus thinks geopolitical worries, including terrorism and North Korea’s nuclear weapons program and, of course, the Federal Reserve, which in 2015 raised short-term interest rates for the first time in nine years and says it wants more hikes this year. The most common explanation for the new-year knockdown was concern about slowing growth in China.
The S&P 500 lost 6.0%, the worst loss ever for the first week of the year. Tool: Mutual Fund FinderĪdding injury to insult, stock markets around the world tanked during the first week of 2016. In all categories, funds that focus on growth stocks did better than value-conscious funds. Only one group, small-company foreign stock funds, finished the year in the black.
Funds that invest in smaller companies or in large foreign firms did worse. Although Standard & Poor’s 500-stock index eked out a 1.4% total return in 2015, mutual funds that focus on large-capitalization U.S.
Is the bull market history? Technically, no, but it sure feels that way.
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