Risks Rising, Returns Diminishing, One Year Later

About: SPDR S&P 500 Trust ETF (SPY), Includes: BND, GBTC
by: Lawrence Fuller
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Speculation has waned and valuations have moderated over the past year.

Yet the economic fundamentals are not as strong as they appear.

Investors must now contend with the greatest headwind of them all.


It has been one year since I wrote about my broad market outlook for Seeking Alpha, whereby I discussed signs that investors were throwing caution to the wind, as valuations were approaching historic highs,