Quality corporate bonds, mortgage-backed securities, and overseas stocks look attractive at these lofty levels for the currency.
Two cheers for the ordinary savers who plunk part of each paycheck into a simple index fund of U.S. shares: Lately they’re looking not only like stock market mavens, but also like currency savants. The S&P 500 index is up a quick 15% this year. It automatically loads up on the biggest companies, which lately happen to be top gainers; Nvidia has more than doubled this year, while Meta Platforms is up more than 40%, and Alphabet and Amazon.com, more than 30%.
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