Commentary
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High-Yield Bonds End the Year on a Strong Note
2019 marked the 28th year of performance history for Kensington’s flagship Managed Income Strategy. To the surprise of most observers, high-yield bonds turned in a very respectable performance for the year.
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The Bull Market Continues to Break Records
The bear market that ended in March of 2009 was one of the worst in history. Now, over 10 years later, it’s being followed by the longest bull market in history. To put it another way, it’s the longest stretch without a 20% correction since 1900, as illustrated by the chart below.
