Every year we update this 'quilt' chart of the major asset classes and their performance to illustrate that picking winning asset classes is a fool's errand. But long term returns (far right column) can be deceiving.
At a time when investors have experienced the worst quarter of market returns in perhaps their lifetime it is instructive to review the expectations of long range returns based on various levels of portfolio risk.
SUMMARY - in the very rare occurrence that less than 10% of NYSE stocks are making new highs, after-the-fact analysis shows these are likely markers of market bottoms. Subsequently, the broad market as followed with rebounds of 10% to 33% about 80% of the time.