How S&P 500 turned $10,000 into $78,000 — or $3 million
Here’s my chart for today. I’ll talk about it shortly after 3:30 p.m. Eastern (12:30 p.m. Pacific) on the Bloomberg Businessweek radio show. Also, I’ll present my Stock of the Day just after 4:15 p.m. (1:15 p.m.) on social media. You can hear me on Bloomberg Radio or see me at Bloomberg Global News on YouTube.
“It hasn’t paid to be bullish” on U.S. stocks at this time of year, according to Barry B. Bannister, Stifel Nicolaus & Co.’s head of institutional equity strategy. He cited a comparison between the value of $10,000 investments in the S&P 500 Index from 1950 in a report Monday. Anyone who owned the S&P 500 only in May through October would have ended up with about $78,000 based on total return, according to data compiled by Stifel. For November through April, the comparable total was about $3 million. To be sure, Bannister wrote that investing year-round would have turned $10,000 into $24.9 million.