Perhaps The Best Economic Conditions In Modern U.S. History
Even as Walmart boosted its minimum wage to $11 last week, it announced plans to close 60 Sam's Club big-box retail locations.
The earnings picture is bright. Since the start of the decade-long expansion that began in early 1991, earnings grew at an average annual rate of 7.4%. The Standard & Poor's 500 averaged a 7.4% total return annually in that same period.
At 103 months, this expansion is the third longest in modern U.S. history, behind the 120-month boom of the 1990s and the 106-month long expansion of the 1960s. This growth cycle could set a new modern record, but you never know what's going to happen for sure.
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