Fixed Income and Tariff Policy: Advising Clients in an Era of Uncertainty

Here's an interesting set of charts that will especially resonate with those of us who follow economic and market cycles. Imagine that five years ago you invested $10,000 in the S&P 500. How much would it be worth today, with dividends reinvested but adjusted for inflation? The purchasing power of your investment has increased to $21,618 for an annualized real return of 15.52%.