By Kyle Tetting
Through more than three quarters of 2017, returns on stocks have impressed. The S&P 500 has set new record highs, on average, every fourth trading day this year. But, years removed from any real statement shock, we run the risk of projecting impressive returns too far into the future. In recent years, big gains have added to stock exposure for investors. That should continue to play well in a market favorable to stocks, but the way forward will likely look different than the way we’ve come.