The next best performers were bonds. Even REITs produced negative returns. This being a USA centric table of assets, the worst two performers were International Stocks and Emerging Market equities.
The only solace I can get from the table is that every time EM loses more than 10% a year, the next year will see double-digit positive returns for EM. Have a look at 2011/2012, 2015/2016 ... and since EM lost 14.3% in 2018... chances are high for a sharp rebound in 2019.
Could this be chance, coincidence or what?? There is more to big data, sometimes we can decipher patterns and in them lays deeper truths which we may or may not be able to uncover.
Happy Year of the PIG, I think ....
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