This episode discusses the closure of US equity and bond markets for Independence Day and reviews historical market performance.
US equity and bond markets were CLOSED on Friday (3 July) for Independence Day U.S. stocks have delivered an 8.7% annualized return over the past 250 years , with gross domestic product (GDP) averaging 6% and annual inflation at 2.5% , according to analysis by Bank of America to mark the 250th anniversary of the adoption of the Declaration of Independence. US 10-year Treasury bonds have delivered a 5.1% average annualised return over the same timeframe.