Fall 2019 Market Commentary
Submitted by Affiance Financial on October 8th, 2019
By Seth Meisler, CFA, CPA/PFS, CFP®, BFA™ and Marc Usem
From October 1, 1999 to September 30, 2009, a period of ten years, the S&P 500 had an annualized return of –0.2% (this includes dividends reinvested). Emerging markets had an annualized return of 11.7%. Fast forward a decade to the next set of ten year returns from October 1, 2009 to September 30, 2019. During these last ten years, the annualized return of the S&P 500 was 13.2%, while the ten year annualized return of emerging markets was just 3.7%.
