2025 Total Returns...
European Stocks $VGK: +13.9%
International Stocks $ACWX: +8.2%
US Bonds $AGG: +2.3%
US Value Stocks $IWD: +1.8%
S&P 500 $SPY: -2.3%
US Dollar Index $UUP: -3.2%
US Growth Stocks $IWF: -6.1%
Diversification is back.
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In 1930, the federal government cost about 2.5% of our GDP. Today, it is 23% of our GDP. Over the past 90 years, the cost of government has gone up 9 times faster than overall economic output. That’s price gouging.
"I'm calling for a 75 basis point emergency cut in the Fed funds rate, with another 75 basis point cut indicated for next month at the September meeting - and that's minimum," says Wharton's Jeremy Siegel: