What Drives Stock Returns?
by Ryan Ermey, Associate Editor, Kiplinger's Personal Finance
Mar 05, 2020
2 minutes
We're told over and over that growth in corporate earnings drives stock market returns. If that's the case, what has been going on lately? In 2019, Standard & Poor's 500-stock index posted a total return of 32%, but corporate earnings barely moved. In 2018, with corporate profits solidly up, the market surrendered 4.4%. The truth is, earnings are
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