This year has been a great one to be an investor and 2020 looks to start strong.

We end 2019 with some extraordinary returns for financial markets. Stock indices are going to have total returns of about 30% for the year , bond total returns are approximately 7%, and even real estate has generated 5% returns. Bank CD’s have offered returns below 3% for the full year and holding short term cash has generated returns of about 1%. Inflation is up less than 2% meaning only short-term cash has generated a negative real return. It was a good year to be an investor. As we end the year, markets may be changing. The yield on the ten-year treasury is at 1.90% up from 1.50% in August but down from 2.68% at the end of 2018.