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After three consecutive years of strong stock market returns, many investors are wondering whether the market, and economy, can continue powering upwards.
We recently read an interesting quote: “It is considered doubtful if there ever has been an industry in the history of this country which has had such phenomenal growth.”
In the US, much of the year-to-date gains have been concentrated in a handful of companies. Six stocks have accounted for 60% of the gains throughout the first half of the year.
