July 5, 2016
If there is one thing a stockbroker hates more than a losing stock investment, it's a winning bond investment; and for the last decade, boring old bonds have outperformed stocks...
US Treasury Bonds +70% over the last decade, topping the S&P 500's 63% gain...
With significantly lower volatility...
In fact, as Thomas R noted, if using total returns one can go all the way back to the end of July 2003 and TLT outperforms SPY.
Of course there is another possibility... Up 114% over the same decade...
Two words... 'Great' and 'Rotation' from paper to hard assets.
Charts: Bloomberg
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