Woodstock Quarterly Newsletter / Spring 2018
The bull market just passed its ninth anniversary and most investors have to be amazed at the 331% run in the S&P 500 from 667 (3/9/09) to 2,873 (1/26/18). This near 18% compound annual total return (CATR) performance is reminiscent of the spectacular back-to-back decade performances of 18% that occurred in the 1980’s and 1990’s. But just as that period was followed by a lower return decade – the 2000’s -1% CATR, a bit of late cycle planning is prudent today.
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