At the beginning of the year we gave the following estimates as part of our forecast for the 2019 year: U.S. GDP growth 2.8% 10 Year U.S. Treasury Yield of 3.35% U.S. Stocks 15% plus Here we are at the half-way point of the year and it is a good time to review and make any mid-course adjustments as warranted by the current situation. Stocks Let’s start with our forecast for U.S. stock returns of 15% plus for the year. Through the first six months of the year U.S. stocks as measured by the S&P 500 on a total return basis have generated a greater than 15% return. We anticipated a rewarding environment for stocks this year, but; candidly we did not see the rise in stock prices happening as qu
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