Christine Benz is Morningstar’s director of personal finance and retirement planning, but she’s written a book that evokes Viktor Frankl as much as Bill Sharpe, aiming to go well beyond the mathematics of saving for, and living in, retirement.
Are we going to have a recession? Are we already in a recession?
The utilities sector has outperformed most of the other sectors in 2024, and there are some very specific reasons why.
Investors starved for yield since the great financial crisis can now have it merely by holding cash reserves. At least for now (as of November 8), the U.S. three-month Treasury Bill was yielding 5.4%, up from 0.50% at the end of 2021 and 4.4% at the end of last year.
As the recent regime changes between value and growth illustrate, momentum is unlikely to be successful in the long term.