The U.S. stock market right now is riskier than you think

Mark Hulbert
The U.S. stock market right now is riskier than you think

Will the stock market’s real rate of return please stand up? Depending on your frame of reference, the U.S. stock market is either performing fantastically or dismally. For example, the dividend-adjusted S&P 500 (SPX)  has an annualized real (inflation-adjusted) return of 26.5% this year through Aug. 19 — including a full percentage point increase on Monday of this week.