Equity investing has bad, good and middling years, and this was a middling one. The benchmark indices were largely flat to slightly negative. Of course, investor portfolios, especially those with direct stock exposure, may have been hit much harder. But from an index perspective, it was a fairly normal year, albeit with a lot of drama: macro headwinds, uncertainty over which way things would move, not much bottom-up activity, and a lot of news-driven action.
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