It is turning out to be a tough 2015 for stock market investors.
The U.S. S&P 500 is trading where it was back on March 31. Fundstrat’s Thomas Lee recently noted that this has been only the second time since 1904 (!) that the S&P 500 has closed the first two quarters of the year with 0% gains. The one strategy that has made diversification look bad over the past five years — staying “dumb and long” in the U.S. stock market — has also run out of steam.
There seem to be few other alternatives.
After all, the Chinese read more…